Median Home Prices Increasing in Cary – The Cary Home Report 08/14

The Cary Home Report is a new weekly column where we briefly glance at Cary’s real estate market, look at the latest data from Redfin, and peak at some recent Cary home sales.

The Cary Home Report – Week of August 14th, 2023.

Cary continues to have one of the most competitive housing markets in the state. Prices are continuing to rise, though homes are staying on the market a little bit longer on average.

For the month of June (most recent data available on Redfin), the median home sale in Cary was $625k (a 7.8% increase from last year). 193 homes were sold in Cary during the month (a -22.5% decrease from last year), and the median amount of days on the market was 37 days (a 9-day increase from last year).

Graph of the median sale price in Cary, NC

Here are a few homes that sold last week in Cary:

125 Hassellwood Dr

Final selling price: $750,000

This 4 bedroom, 3 bathroom 2,845 sqft home sold on August 11th for $750,000. The home sits on a .34 acre lot and has a beautiful backyard (and a screened-in porch).

102 Shillings Chase Dr

Final selling price: $770,000

This gorgeous 4 bedroom, 4 bathroom, 4021 sqft home was originally listed at $850,000 back in May, but eventually sold for $80k less last week (about 3 months later). Notably, this house sold in 2017 for just $408,000.

1107 Imperial Rd

Final selling price: $630,000

This 4 bedroom, 2 bathroom, 2,600 sqft home is located near very close to the Pirates Cove greenway, making it a great place for nature lovers. This home was listed for sale in July for $525,000, and ended up selling 20% higher than asking.

Weekly Rental Update

Here are the median monthly rental costs in Cary (as of this week, courtesy of Zumper)

Studio: $1,493

1 Bedroom: $1,555

2 Bedroom: $1,745

3 Bedroom: $2,175

4 Bedroom: $2,550

That’s all for this week. Next week, we will provide updated housing data and take a look at more properties that sold during the week.

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