Cary, NC Foreclosures
How much do homes sell for in Cary, NC?
The average home price is currently $761,671.
In Cary, NC, how many homes are available?
There are currently 31 active home listings available in Cary.
What’s the average rental cost in Cary, NC?
The average rental price in Cary is $1,867.
What is the most expensive home in Cary?
The most expensive home sold in Cary had a price of $81,763,240.
What is currently the cheapest priced home in Cary, NC?
The cheapest home for sale in Cary is priced at $22,279.
Living in Cary, NC
Cary, North Carolina, is a vibrant suburban town known for its family-friendly environment and strong sense of community. It boasts excellent schools and extensive parks, making it an ideal place for families and outdoor enthusiasts. With a booming tech industry and proximity to the Research Triangle, Cary offers a blend of suburban charm and urban convenience.
Current Market Conditions in Cary, NC
The real estate market in Cary has remained competitive, with demand consistently outpacing supply. As part of the growing Research Triangle area, Cary has seen an influx of new residents willing to invest in homes, which has kept property values on the rise. Sellers are benefiting from a favorable market, while buyers often face bidding wars, particularly for desirable properties.
In recent months, the Cary housing market has shown resilience despite broader economic fluctuations. As interest rates have stabilized, buyers are becoming more confident, leading to a modest increase in home sales. Inventory levels, however, remain tight, encouraging potential buyers to act quickly when listings appear.
As of this month, home values in Cary have appreciated sharply, with median prices reflecting a 10% increase year-over-year. This trend indicates a strong demand for homes, driven by Cary's strategic location, community amenities, and quality lifestyle offerings. Understanding these dynamics is crucial for buyers and sellers alike.
Home Value Estimator For Cary, NC
There are currently 52,262 real estate properties
in Cary, NC,
with a median automated valuation model (AVM) price
of $632,333.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cary, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Cary, NC,
is $761,671.00, with the most expensive house
in Cary, NC, topping out
at $81,763,240.00 and the cheapest home
in Cary, NC,
clocking in at $22,279.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cary, NC!
Rent Prices
In Cary, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cary, NC, is on
a rollercoaster ride. The
average rent price in Cary, NC,
is $1,867.00. Indeed, when looking to rent in
Cary, NC, you can expect to pay as little
as $680.00 or as much
as $4,320.00,
with the average rent median estimated to
be $1,780.00. The good news is that finding
an affordable and desirable property to rent in Cary, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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