Cary Home Report: October
High-level Cary snapshot:
- Median sale price : $635,000 in August, down 5.9% year over year.
- Days on market: 38 vs. 14 a year ago; 196 homes sold, up from 163.
- Typical home value (ZHVI): $623,198, down ~1% from last year.
Takeaway: Prices have cooled from last year’s levels and homes are taking longer to sell, but closed sales are higher than a year ago, suggesting more buyers are re-engaging as rates eased off summer peaks.
By zipcode:
- 27519 (NW Cary): median sale price $705K, down 2.8%; ~34 days to sell.
- 27511 (central/southeast Cary): median sale price $556K, up 4.2% year over year.
- 27513 (central/north Cary): median sale price $554K, up 3.8%; ~30 days to sell.
What that means: West-side new-build areas (27519) are normalizing after big run-ups, while established central neighborhoods (27511/27513) are holding or rising modestly.
Supply & speed
Cary homes sold at 98.3% of list price in August (down 1.3 pts YoY), and new listings were roughly flat year over year. More contracts are getting signed than last year, but buyers have a bit more time and leverage than in 2024.
Taxes & assessments
Wake County shortened its revaluation cadence: next full reval is 2027, then the county moves to a two-year cycle starting in 2029.
