Is Fuquay-Varina, 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, 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
$433,991
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fuquay-Varina have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Fuquay-Varina was $433,991 in April 2024, up 1.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $291.5K | -2.8% |
| 3 Bedrooms | $385K | $400K | +3.9% |
| 4 Bedrooms | $465K | $469.9K | +1.1% |
| 5+ Bedrooms | $590K | $575K | -2.5% |
Summary: Fuquay-Varina housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Middle Creek Township | $475.1K | $484.9K | +2.1% |
| Fuquay-Varina | $429.3K | $433.9K | +1.1% |
| Fuquay Varina | $456K | $449.9K | -1.3% |
| Holly Springs Township | $579.5K | $561.3K | -3.1% |
| Willow Spring | $422.2K | $405K | -4.1% |
Housing Supply in Fuquay-Varina, NC
How many homes are available in Fuquay-Varina, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 132 | 121 | -8.3% |
Summary: The Fuquay-Varina real estate market had 121 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 58 | 53 | -8.6% |
| 4 Bedrooms | 52 | 46 | -11.5% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The Fuquay-Varina housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 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. 37.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Fuquay-Varina in April 2024, down by 7.9% month-over-month. Of the 35 sold homes, 37% were sold under asking, 29% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 95 Days | 25 Days | -72.9% |
Summary: Homes in Fuquay-Varina had an average of 25 days on market in Apr 2024, down by 72.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fuquay-Varina are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 35 homes were sold in Fuquay-Varina; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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