Median Price
Median price isn't the best way to understand how a market is changing. It's not an apples-to-apples comparison. Just because the median price is now $450,000 (this is an example, not an actual number), doesn't mean that 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
The percentage of competing offers is the strongest indicator of market competitiveness. To stay up to date, sign up for our newsletter.
Triangle Area Town Median Price Change:
Year-over-year % Competitive Offers Apex 585,000 – 2.49% 13.54% Cary 575,000 4.55% 28.57% Chapel Hill 650,000 8.34% 21.31% Clayton 350,000 – 5.02% 3.16% Durham 404,830 9.41% 15.63% Fuquay-Varina 435,000 6.86% 3.26% Garner 382,450 – 4.36% 3.85% Holly Springs 637,500 10.87% 16.67% Knightdale 394,000 – 7.73% 8.00% Morrisville 515,000 0.29% 23.08% Raleigh 404,145 – 0.70% 15.25% Wake Forest 458,132 – 21.69% 5.26% Wendell 413,400 3.38% 5.71% Zebulon 327,745 – 0.68% 5.36%
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 Expiry Properties 2024 Expiry Properties Change Percentage Apex 513 160.00% Cary 2611 – 57.69% Chapel Hill 818 125.00% Clayton 2014 – 30.00% Durham 344 841.18% Fuquay-Varina 1711 – 35.29% Garner 511 120.00% Holly Springs 4775.00% Knightdale 15400.00% Morrisville 2350.00% Raleigh 487 147.92% Wake Forest 1326 100.00% Wendell 114 1300.00% Zebulon 37 133.33%
View homes for sale in each Triangle town, city and county here.
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