Median Price
When looking at the market, keep in mind that median prices have limitations, especially when looking at a short period like a month. Medians don't allow you to make apples-to-apples comparisons. Just because the median is currently $450,000 (this is an example, not an actual number) doesn't mean it's the same type of home that was bought last year for $460,000. People might just be buying smaller or bigger homes. So it doesn't tell you if prices have gone up or down. But it does tell you how buyers' needs have changed.
Competing Offers
Competing Offers Percentage is the strongest indicator of market competitiveness. Cary, Apex, Morrisville and Chapel Hill remain the most competitive markets. Also, keep in mind that this data is a month old. The spring market is definitely more competitive. Sign up for our newsletter to stay up to date.
Triangle Area Town Median Price Change:
Year-over-year % Competing Offers Apex 622,500 22.90% 25.32% Cary 535,000 2.88% 32.28% Chapel Hill 535,000 – 7.36% 24.32% Clayton 364,995 – 2.00% 14.15% Durham 399,425 4.42% 18.18% Fuquay-Varina 411,290 – 5.38% 10.20% Garner 395,000 0.08% 18.18% Holly Springs 600,000 2.56% 13.89% Knightdale 405,670 10.91% 7.69% Morrisville 470,000 – 1.05% 27.78% Lowry 405,000 1.25% 15.59% Wake Forest 524,900 5.09% 7.56% Wendell 378,150 – 2.79% 11.11% Zebulon 349,995 2.19% 2.94%
Expired listings
A negative percentage on the Expiry Listings table means there is low inventory on the market and there is a lot of competition in the market. A positive percentage means there are a lot of listings that are expiring without selling.
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Triangle Area Towns 2023 Expiring Properties 2024 Expiring Properties Percentage Change Apex 71-85.71% Cary 7814.29% Chapel Hill 84-50.00% Clayton 132269.23% Durham 183594.44% Fuquay-Varina 131946.15% Garner 86-25.00% Holly Springs 2350.00% Knightdale 330.00% Morrisville 21-50.00% Raleigh 375754.05% Wake Forest 721200.00% Wendell 210400.00% Zebulon 2350.00%
View homes for sale in each Triangle town, city and county here.
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