Is Cary, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$595,750
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cary have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Cary was $595,750 in April 2024, up 5.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.9K | $223.7K | +10.2% |
| 2 Bedrooms | $335K | $360K | +7.5% |
| 3 Bedrooms | $480.5K | $520.4K | +8.3% |
| 4 Bedrooms | $617.8K | $680K | +10.1% |
| 5+ Bedrooms | $909.4K | $984.3K | +8.2% |
Summary: Cary housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Cary | $564.7K | $595.7K | +5.5% |
| Cary Township | $564.3K | $590K | +4.5% |
| Morrisville | $500K | $520K | +4.0% |
| White Oak Township | $580.1K | $583.2K | 0.5% |
| Cedar Fork Township | $545.8K | $541K | -0.9% |
Housing Supply in Cary, NC
How many homes are available in Cary, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 493 | 502 | +1.8% |
Summary: The Cary real estate market had 502 homes for sale in April 2024, a 1.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 56 | 61 | +8.9% |
| 3 Bedrooms | 175 | 166 | -5.1% |
| 4 Bedrooms | 170 | 169 | -0.6% |
| 5+ Bedrooms | 90 | 102 | +13.3% |
Summary: The Cary housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 168 | 167 | -0.6% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
88 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cary, you could pay more than the asking price. 52.7% of homes here sold above asking price last month.
Summary: A total of 167 homes were sold or pending in Cary in April 2024, down by 0.6% month-over-month. Of the 167 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 12 Days | -79.5% |
Summary: Homes in Cary had an average of 12 days on market in Apr 2024, down by 79.5% compared to last year.
Breakdown of Home Sale Times
149 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 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 April 2024, 167 homes were sold in Cary; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.