The Cary Home Report is a weekly column where we take a look at a snapshot of Cary’s real estate market. A new report is published each Sunday.
Townwide quick hits
Same data as last week: Cary’s median sale price in July was $710,000, up 18.2% year over year. Homes sold in a median 30 days, with 185 closings for the month. The sale-to-list price ratio registered 99.2%, and 22.2% of homes sold above list. We should get August’s housing data either next week or the week after.
Migration snapshot: where buyers are coming from
Search data points to steady inbound interest from higher-cost metros. From May through July, the most inbound attention came from Washington, DC, followed by Fayetteville and New York. At the same time, Cary shoppers most often looked at Myrtle Beach, San Diego, and New Bern when searching outside the area. In that window, 70% of Cary shoppers searched within the metro and 30% looked elsewhere.
Why it matters: inbound demand can help support pricing in popular neighborhoods, even as time on market lengthens.
Rental watch
The average rent in Cary was $1,823 as of July 31, 2025, flat month over month and down 0.9% year over year, according to Zillow’s ZORI measure. Looking at the 5 year graph below, we can see that rent trends are pretty consistent with the rest of the country, though Cary’s is consistently lower than the US average.
National context
Active for-sale inventory rose 24.8% year over year in July, a new post-pandemic high, though still below pre-2020 levels. More supply typically adds negotiating room for buyers.
Recently sold homes in Cary
3909 Wedonia Dr, Cary, NC 27519
Sold August 20, 2025 for $780,000. A 5-bed, 3-bath, 3,211 sq ft single-family home.
101 Wood Lily Ln, Cary, NC 27518
Sold August 21, 2025 for $945,000. A 4-bed, 4-bath, 3,328 sq ft single-family home.
Sold August 20, 2025 for $267,000. A 2-bed, 2-bath, 1,227 sq ft condominium.
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