$7,339 Closing Credit*
$618,000
1,673 SqFt
2 Beds
•2 Full Baths
Beth Englert, Listing Office: Better Homes & Gardens Real Es
Is Cary, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cary has remained a Seller's Market.
Key Takeaway
Cary is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cary, NC
How much do homes in Cary, NC cost?
Median Sold Price
$615,100
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,387(+7.6%)
Key Takeaway
Homes in Cary have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Cary was $615,100 in November 2024, up 7.6% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221.2K | $222K | 0.3% |
| 2 Bedrooms | $352.7K | $357.4K | +1.3% |
| 3 Bedrooms | $501.2K | $525K | +4.7% |
| 4 Bedrooms | $635K | $717K | +12.9% |
| 5+ Bedrooms | $931.5K | $994.2K | +6.7% |
Summary: Cary housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| White Oak Township | $575.9K | $624.5K | +8.4% |
| Cary Township | $568.5K | $614.4K | +8.1% |
| Cary | $571.7K | $615.1K | +7.6% |
| Cedar Fork Township | $540.6K | $565.9K | +4.7% |
| Morrisville | $502.9K | $502.8K | 0% |
Housing Supply in Cary, NC
How many homes are available in Cary, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 514 | 436 | -15.2% |
Summary: The Cary real estate market had 436 homes for sale in November 2024, a 15.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 55 | 46 | -16.4% |
| 3 Bedrooms | 167 | 149 | -10.8% |
| 4 Bedrooms | 196 | 149 | -24.0% |
| 5+ Bedrooms | 95 | 89 | -6.3% |
Summary: The Cary housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 16.4%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 124 | 111 | -10.5% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cary, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.
Summary: A total of 111 homes were sold or pending in Cary in November 2024, down by 10.5% month-over-month. Of the 111 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% were sold over asking.
Days on Market for Cary, NC
How long does it take to sell a home in Cary, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 26 Days | -56.6% |
Summary: Homes in Cary had an average of 26 days on market in Nov 2024, down by 56.6% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cary are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 111 homes were sold in Cary; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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