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 Snapshot
The Cary housing market heated up in July. According to Redfin, the median sale price rose to $710,000, marking a substantial +18.2% year-over-year gain, while homes spent an average of 28 days on market, up from just 9 days a year ago.
Long & Foster’s July Market Minute echoes the upward trend, reporting a median sale price of $705,000, up 22% from July 2024, with inventory climbing to 447 active listings, and homes going pending in about 31 days.
Taken together, these figures indicate a marked acceleration in Cary’s housing market after a period of relative stability, though we will need to see how the next few months look to definitively tell if this is a trend or a temporary surge.
Neighborhood-Level Trends
- East Cary: Prices remain stable at around $600,000, up 7.1% YoY in July. Days on market extended to 21 days.
- West Cary: Showing minor growth with a median price of approximately $690,000, up just 1.4% YoY, and homes lingering about 27 days before sale.
- Cary Park: Continuing its streak as the high-performer, prices soared to a median of $715,000, up a whopping 68.2% year-over-year in July. However, average days on market climbed to 32 days, pointing to rising resistance even in this hot zone.
Market Takeaways
- Strong Price Momentum: Cary’s overall median sale price jumped sharply in July, marking a clear departure from the flat performance seen in June.
- Not Necessarily a Trend: While July saw a rise in medial sale price, this does not necessarily mean that prices will continue trending upward. The next couple of months will help tell the whole story.
- Sales Tempo Slows: Across the board, homes are taking longer to sell, suggesting buyers are becoming more deliberate. We have seen this steadily trend upward since April, but the longer time on the market has remained fairly consistent throughout much of the past 12 months.
- Widening Divergence Among Neighborhoods: While Cary Park leads a surging upper tier, East and West Cary show more modest gains, consistent with last week’s report.
Is the market hot?
Cary’s real estate market is still heavily in-demand, though it’s a different landscape than the past few years. Prices continue to surge, yet selling times are stretching, hinting that buyers are navigating a rapidly evolving landscape with increased caution. The market is still hot, but buyers may begin having more leverage as time on the market continues to increase.
Recently Sold in Cary
A few standout closings this week:
100 Dunedin Ct, Cary, NC 27511
Sold August 12, 2025 for $1,440,000, this home is over 5000 sqft and sold below its original listing price of $1,800,000.
110 Taylors Pond Dr, Cary, NC 27513
Sold August 14, 2025 for $330,000, this townhome is 1,653 sqft and sold above its listing price of $319,000.
1426 Kildaire Farm Rd, Cary, NC 27511
Sold August 13, 2025 for $611,000, this 2,291 sqft home sold above its listing price of $590,000.
About Article Author
