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 April 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
$541,055
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cedar Fork Township was $541,055 in April 2024, down 0.9% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $233K | +5.9% |
2 Bedrooms | $343.5K | $352K | +2.5% |
3 Bedrooms | $505K | $482.6K | -4.4% |
4 Bedrooms | $660K | $685K | +3.8% |
5+ Bedrooms | $900K | $937.2K | +4.1% |
Summary: Cedar Fork Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
Cary | $564.7K | $595.7K | +5.5% |
Cary Township | $564.3K | $590K | +4.5% |
Morrisville | $500K | $520K | +4.0% |
House Creek Township | $415.1K | $431.7K | +4.0% |
Cedar Fork Township | $545.8K | $541K | -0.9% |
Housing Supply in Cedar Fork Township, NC
How many homes are available in Cedar Fork Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
145 | 175 | +20.7% |
Summary: The Cedar Fork Township real estate market had 175 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 31 | 38 | +22.6% |
3 Bedrooms | 65 | 69 | +6.2% |
4 Bedrooms | 32 | 45 | +40.6% |
5+ Bedrooms | 15 | 22 | +46.7% |
Summary: The Cedar Fork Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 40.6%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 49 | +28.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Cedar Fork Township in April 2024, up by 28.9% month-over-month. Of the 49 sold homes, 29% were sold under asking, 20% were sold at asking, and 51% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 32 Days | -54.4% |
Summary: Homes in Cedar Fork Township had an average of 32 days on market in Apr 2024, down by 54.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 49 homes were sold in Cedar Fork Township; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.