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.
Housing Prices in Fuquay-Varina, NC
How much do homes in Fuquay-Varina, NC cost?
Median Sold Price
$430,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fuquay-Varina was $430,000 in March 2024, down 0.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $297.6K | $292K | -1.9% |
3 Bedrooms | $390K | $400K | +2.6% |
4 Bedrooms | $470K | $460.5K | -2.0% |
5+ Bedrooms | $585K | $574.9K | -1.7% |
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 decreased by 1.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Middle Creek Township | $475.5K | $480K | +0.9% |
Fuquay-Varina | $433.5K | $430K | -0.8% |
Fuquay Varina | $455.4K | $449.8K | -1.2% |
Willow Spring | $425.6K | $409.9K | -3.7% |
Holly Springs Township | $587.3K | $559.1K | -4.8% |
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 |
---|---|---|
130 | 135 | +3.8% |
Summary: The Fuquay-Varina real estate market had 135 homes for sale in March 2024, a 3.8% 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 | 5 | 3 | -40.0% |
3 Bedrooms | 57 | 63 | +10.5% |
4 Bedrooms | 47 | 48 | +2.1% |
5+ Bedrooms | 21 | 21 | 0.0% |
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 40%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 38 | +58.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Fuquay-Varina in March 2024, up by 58.3% month-over-month. Of the 38 sold homes, 45% were sold under asking, 21% were sold at asking, and 34% 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 |
---|---|---|
94 Days | 73 Days | -22.0% |
Summary: Homes in Fuquay-Varina had an average of 73 days on market in Mar 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in Fuquay-Varina; 16% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.