Is Fuquay Varina, 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, Fuquay Varina has remained a Seller's Market.
Key Takeaway
Fuquay Varina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fuquay Varina, NC
How much do homes in Fuquay Varina, NC cost?
Median Sold Price
$449,870
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fuquay Varina have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Fuquay Varina was $449,870 in March 2024, down 1.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320.4K | $405.3K | +26.5% |
| 3 Bedrooms | $399.9K | $400K | 0.0% |
| 4 Bedrooms | $499.9K | $514.6K | +2.9% |
| 5+ Bedrooms | $590.1K | $585K | -0.9% |
Summary: Fuquay Varina housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Middle Creek Township | $475.5K | $480K | +0.9% |
| Fuquay-Varina | $433.5K | $430K | -0.8% |
| Hectors Creek Township | $410.3K | $405.9K | -1.1% |
| Fuquay Varina | $455.4K | $449.8K | -1.2% |
| Angier | $365K | $354.9K | -2.8% |
Housing Supply in Fuquay Varina, NC
How many homes are available in Fuquay Varina, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 307 | 317 | +3.3% |
Summary: The Fuquay Varina real estate market had 317 homes for sale in March 2024, a 3.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 129 | 149 | +15.5% |
| 4 Bedrooms | 107 | 106 | -0.9% |
| 5+ Bedrooms | 50 | 42 | -16.0% |
Summary: The Fuquay Varina housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 16%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 78 | +30.0% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fuquay Varina, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 78 homes were sold or pending in Fuquay Varina in March 2024, up by 30.0% month-over-month. Of the 78 sold homes, 47% were sold under asking, 31% were sold at asking, and 22% were sold over asking.
Days on Market for Fuquay Varina, NC
How long does it take to sell a home in Fuquay Varina, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 111 Days | 85 Days | -23.0% |
Summary: Homes in Fuquay Varina had an average of 85 days on market in Mar 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fuquay Varina has remained consistent over time.
Summary: During March 2024, 78 homes were sold in Fuquay Varina; 10% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.