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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedar Fork Township is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Cedar Fork Township was a Seller's Market.

Key Takeaway

Cedar Fork Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cedar Fork Township, NC

How much do homes in Cedar Fork Township, NC cost?

Median Sold Price

$560,833

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,833(+3.9%)

Key Takeaway

Homes in Cedar Fork Township have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Cedar Fork Township was $560,833 in September 2024, up 3.9% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $233K$232K
-0.4%
2 $345K$365K
+5.8%
3 $500K$504.5K
+0.9%
4 $670K$700K
+4.5%
5+ $875.7K$1.0M
+18.4%

Summary: Cedar Fork Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 18.4%.

Median Sold Price Compared To Nearby Cities

Cary Township
+5.2%
Cary
+5.1%
Cedar Fork Township
+3.9%
House Creek Township
+3.2%
Morrisville
0.4%

Housing Supply in Cedar Fork Township, NC

How many homes are available in Cedar Fork Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
189191+1.1%

Summary: The Cedar Fork Township real estate market had 191 homes for sale in September 2024, a 1.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 34
+33.3%
2 2525
0.0%
3 7983
+5.1%
4 5957
-3.4%
5+ 2322
-4.3%

Summary: The Cedar Fork Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4229-31.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar Fork Township, you may be able to get a good deal. 69% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Cedar Fork Township in September 2024, down by 31.0% month-over-month. Of the 29 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% 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

Sep 2023Sep 2024CHANGE
78 Days28 Days-63.6%

Summary: Homes in Cedar Fork Township had an average of 28 days on market in Sep 2024, down by 63.6% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cedar Fork Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 29 homes were sold in Cedar Fork Township; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% 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 30 Days Ago

Newest Listings in Cedar Fork Township, NC

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