Is Cedar Fork Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cedar Fork Township has remained a Seller's Market.
Housing Prices in Cedar Fork Township, NC
How much do homes in Cedar Fork Township, NC cost?
Median Sold Price
$537,055
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cedar Fork Township was $537,055 in March 2024, down 1.4% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $233K | +5.9% |
2 Bedrooms | $345K | $350K | +1.4% |
3 Bedrooms | $500.9K | $493K | -1.6% |
4 Bedrooms | $642K | $685K | +6.7% |
5+ Bedrooms | $900K | $935K | +3.9% |
Summary: Cedar Fork Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
Morrisville | $500.2K | $525K | +4.9% |
House Creek Township | $418.2K | $434K | +3.8% |
Cary | $564.7K | $585.5K | +3.7% |
Cary Township | $564.2K | $583.5K | +3.4% |
Cedar Fork Township | $544.6K | $537K | -1.4% |
Housing Supply in Cedar Fork Township, NC
How many homes are available in Cedar Fork Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
139 | 150 | +7.9% |
Summary: The Cedar Fork Township real estate market had 150 homes for sale in March 2024, a 7.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 28 | 34 | +21.4% |
3 Bedrooms | 60 | 69 | +15.0% |
4 Bedrooms | 35 | 31 | -11.4% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Cedar Fork Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 36 | -14.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Cedar Fork Township in March 2024, down by 14.3% month-over-month. Of the 36 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 52 Days | -42.6% |
Summary: Homes in Cedar Fork Township had an average of 52 days on market in Mar 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in Cedar Fork Township; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.