Is Cary Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cary Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Cary Township has remained a Seller's Market.

Key Takeaway

Cary Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$7,159(+1.3%)

Key Takeaway

Homes in Cary Township have sold for 1.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $203.9K$217.5K
+6.7%
2 $333.5K$355K
+6.4%
3 $479.7K$515K
+7.4%
4 $625.2K$649.8K
+3.9%
5+ $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
+1.6%
Morrisville
+1.5%
Cary Township
+1.3%
Meredith Township
0.0%
Cedar Fork Township
-3.9%

Housing Supply in Cary Township, NC

How many homes are available in Cary Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
338407+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

# BEDSJan 2024Feb 2024CHANGE
1 64
-33.3%
2 4954
+10.2%
3 124157
+26.6%
4 104132
+26.9%
5+ 5560
+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 2024Feb 2024CHANGE
76118+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cary Township, you could pay more than the asking price. 39% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
84 Days68 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cary Township has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Cary Township, NC

Nearby Markets to Cary Township, NC

What housing markets are near Cary Township, NC?