$5,639 Closing Credit*
$474,900
1,409 SqFt
3 Beds
•2 Full Baths
Allen Bruce Hueter, Listing Office: Choice Residential Real Estate
Is Fuquay Varina, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fuquay Varina has remained a Seller's Market.
Key Takeaway
Fuquay Varina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fuquay Varina, NC
How much do homes in Fuquay Varina, NC cost?
Median Sold Price
$460,309
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,595(+3.5%)
Key Takeaway
Homes in Fuquay Varina have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Fuquay Varina was $460,309 in October 2024, up 3.5% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355K | $449.5K | +26.6% |
| 3 Bedrooms | $395.5K | $390.8K | -1.2% |
| 4 Bedrooms | $480K | $545.8K | +13.7% |
| 5+ Bedrooms | $585K | $610K | +4.3% |
Summary: Fuquay Varina housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Middle Creek Township | $470K | $499.9K | +6.4% |
| Fuquay-Varina | $424.5K | $439.9K | +3.6% |
| Fuquay Varina | $444.7K | $460.3K | +3.5% |
| Hectors Creek Township | $408.2K | $420K | +2.9% |
| Angier | $351.6K | $349.7K | -0.6% |
Housing Supply in Fuquay Varina, NC
How many homes are available in Fuquay Varina, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 463 | 430 | -7.1% |
Summary: The Fuquay Varina real estate market had 430 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 29 | 27 | -6.9% |
| 3 Bedrooms | 197 | 184 | -6.6% |
| 4 Bedrooms | 179 | 168 | -6.1% |
| 5+ Bedrooms | 58 | 51 | -12.1% |
Summary: The Fuquay Varina housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 12.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 110 | +0.9% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fuquay Varina, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 110 homes were sold or pending in Fuquay Varina in October 2024, up by 0.9% month-over-month. Of the 110 sold homes, 50% were sold under asking, 34% were sold at asking, and 16% were sold over asking.
Days on Market for Fuquay Varina, NC
How long does it take to sell a home in Fuquay Varina, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 97 Days | 44 Days | -53.9% |
Summary: Homes in Fuquay Varina had an average of 44 days on market in Oct 2024, down by 53.9% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fuquay Varina are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 110 homes were sold in Fuquay Varina; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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