Is Apex, 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, Apex has remained a Seller's Market.
Housing Prices in Apex, NC
How much do homes in Apex, NC cost?
Median Sold Price
$581,663
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Apex was $581,663 in March 2024, up 1.1% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $850K | - | N/A |
2 Bedrooms | $400K | $355K | -11.3% |
3 Bedrooms | $469.7K | $475K | +1.1% |
4 Bedrooms | $600.9K | $600.6K | -0.1% |
5+ Bedrooms | $885.6K | $793K | -10.5% |
Summary: Apex 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 11.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
Cary | $564.7K | $585.5K | +3.7% |
Apex | $575K | $581.6K | +1.1% |
Buckhorn Township | $630K | $633.8K | +0.6% |
White Oak Township | $579.8K | $576.5K | -0.6% |
Holly Springs Township | $587.3K | $559.1K | -4.8% |
Housing Supply in Apex, NC
How many homes are available in Apex, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
261 | 260 | -0.4% |
Summary: The Apex real estate market had 260 homes for sale in March 2024, a 0.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 90 | 86 | -4.4% |
4 Bedrooms | 94 | 96 | +2.1% |
5+ Bedrooms | 69 | 69 | 0.0% |
Summary: The Apex housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 71 | -2.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Apex in March 2024, down by 2.7% month-over-month. Of the 71 sold homes, 37% were sold under asking, 17% were sold at asking, and 46% were sold over asking.
Days on Market for Apex, NC
How long does it take to sell a home in Apex, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
113 Days | 71 Days | -37.0% |
Summary: Homes in Apex had an average of 71 days on market in Mar 2024, down by 37% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 71 homes were sold in Apex; 10% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.