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
$449,999
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fuquay Varina have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Fuquay Varina was $449,999 in April 2024, down 1.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325.9K | $413.3K | +26.8% |
| 3 Bedrooms | $399.3K | $400K | 0.2% |
| 4 Bedrooms | $496.7K | $520.2K | +4.7% |
| 5+ Bedrooms | $591.7K | $586K | -1.0% |
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 increased by 26.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 1%.
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% |
| Angier | $361.9K | $354.9K | -1.9% |
| Hectors Creek Township | $415.9K | $405K | -2.6% |
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 |
|---|---|---|
| 330 | 333 | +0.9% |
Summary: The Fuquay Varina real estate market had 333 homes for sale in April 2024, a 0.9% increase 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 | 18 | 23 | +27.8% |
| 3 Bedrooms | 145 | 137 | -5.5% |
| 4 Bedrooms | 118 | 123 | +4.2% |
| 5+ Bedrooms | 49 | 50 | +2.0% |
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 27.8%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 | 82 | 0.0% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
23 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. 42.7% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in Fuquay Varina in April 2024, the same as the previous month. Of the 82 sold homes, 43% were sold under asking, 29% were sold at asking, and 28% 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 |
|---|---|---|
| 105 Days | 36 Days | -65.8% |
Summary: Homes in Fuquay Varina had an average of 36 days on market in Apr 2024, down by 65.8% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
11 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, 82 homes were sold in Fuquay Varina; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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