Is Fuquay-Varina, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fuquay-Varina was $430,000 in February 2024, down 0.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $295K | $296K | 0.3% |
3 Bedrooms | $386.5K | $400K | +3.5% |
4 Bedrooms | $475K | $455K | -4.2% |
5+ Bedrooms | $569.5K | $582.5K | +2.3% |
Summary: Fuquay-Varina housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
Middle Creek Township | $474.9K | $479.2K | +0.9% |
Fuquay-Varina | $432.5K | $430K | -0.6% |
Willow Spring | $417.2K | $414.5K | -0.7% |
Fuquay Varina | $455K | $449.9K | -1.1% |
Holly Springs Township | $585.9K | $563K | -3.9% |
Housing Supply in Fuquay-Varina, NC
How many homes are available in Fuquay-Varina, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
122 | 116 | -4.9% |
Summary: The Fuquay-Varina real estate market had 116 homes for sale in February 2024, a 4.9% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 54 | 50 | -7.4% |
4 Bedrooms | 42 | 41 | -2.4% |
5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The Fuquay-Varina housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
31 | 22 | -29.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Fuquay-Varina in February 2024, down by 29.0% month-over-month. Of the 22 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
87 Days | 113 Days | +29.4% |
Summary: Homes in Fuquay-Varina had an average of 113 days on market in Feb 2024, up by 29.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During February 2024, 22 homes were sold in Fuquay-Varina; 23% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.