Is Cary Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Cary Township has remained a Seller's Market.
Housing Prices in Cary Township, NC
How much do homes in Cary Township, NC cost?
Median Sold Price
$572,340
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Cary Township was $572,340 in February 2024, up 1.3% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $203.9K | $217.5K | +6.7% |
2 Bedrooms | $333.5K | $355K | +6.4% |
3 Bedrooms | $479.7K | $515K | +7.4% |
4 Bedrooms | $625.2K | $649.8K | +3.9% |
5+ Bedrooms | $945.1K | $955K | +1.0% |
Summary: Cary Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Cary | $565.8K | $575K | +1.6% |
Morrisville | $507.5K | $515K | +1.5% |
Cary Township | $565.1K | $572.3K | +1.3% |
Meredith Township | $585K | $585.2K | 0.0% |
Cedar Fork Township | $551.8K | $530.2K | -3.9% |
Housing Supply in Cary Township, NC
How many homes are available in Cary Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
338 | 407 | +20.4% |
Summary: The Cary Township real estate market had 407 homes for sale in February 2024, a 20.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 49 | 54 | +10.2% |
3 Bedrooms | 124 | 157 | +26.6% |
4 Bedrooms | 104 | 132 | +26.9% |
5+ Bedrooms | 55 | 60 | +9.1% |
Summary: The Cary Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
76 | 118 | +55.3% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 118 homes were sold or pending in Cary Township in February 2024, up by 55.3% month-over-month. Of the 118 sold homes, 36% were sold under asking, 25% were sold at asking, and 39% were sold over asking.
Days on Market for Cary Township, NC
How long does it take to sell a home in Cary Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
84 Days | 68 Days | -18.6% |
Summary: Homes in Cary Township had an average of 68 days on market in Feb 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
72 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During February 2024, 118 homes were sold in Cary Township; 15% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.