$4,689 Closing Credit*
$394,900
1,410 SqFt
3 Beds
•2 Full Baths, 1 Partial
Darin Ayers, Listing Office: Young Kim Realty
Is Cedar Fork Township, 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, Cedar Fork Township has remained a Seller's Market.
Key Takeaway
Cedar Fork Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Fork Township, NC
How much do homes in Cedar Fork Township, NC cost?
Median Sold Price
$565,985
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,319(+4.7%)
Key Takeaway
Homes in Cedar Fork Township have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Cedar Fork Township was $565,985 in November 2024, up 4.7% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $233K | $232K | -0.4% |
| 2 Bedrooms | $348.5K | $365K | +4.7% |
| 3 Bedrooms | $500K | $500K | 0% |
| 4 Bedrooms | $677.5K | $700K | +3.3% |
| 5+ Bedrooms | $873K | $1.0M | +17.4% |
Summary: Cedar Fork Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 4.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Cary Township | $568.5K | $614.4K | +8.1% |
| Cary | $571.7K | $615.1K | +7.6% |
| Cedar Fork Township | $540.6K | $565.9K | +4.7% |
| House Creek Township | $430K | $437.5K | +1.8% |
| Morrisville | $502.9K | $502.8K | 0% |
Housing Supply in Cedar Fork Township, NC
How many homes are available in Cedar Fork Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 203 | 169 | -16.7% |
Summary: The Cedar Fork Township real estate market had 169 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 24 | 24 | 0.0% |
| 3 Bedrooms | 78 | 67 | -14.1% |
| 4 Bedrooms | 70 | 53 | -24.3% |
| 5+ Bedrooms | 26 | 20 | -23.1% |
Summary: The Cedar Fork Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 24.3%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 34 | -30.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Fork Township, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Cedar Fork Township in November 2024, down by 30.6% month-over-month. Of the 34 sold homes, 68% were sold under asking, 21% were sold at asking, and 12% were sold over asking.
Days on Market for Cedar Fork Township, NC
How long does it take to sell a home in Cedar Fork Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 31 Days | -39.2% |
Summary: Homes in Cedar Fork Township had an average of 31 days on market in Nov 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Fork Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in Cedar Fork Township; 59% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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