Everything you need to know about Homes for Sale in Apex NC

Frequently Asked Questions

What is the real estate market like in Apex NC? 

Apex NC is a very competitive real estate market. The median home takes about 3 days to sell. 63% of homes sold for list price or above. For those homes for sale in Apex NC that sold above list price, the average above list was 4%. But 35% of homes sold above list price, sold for MORE than 4% over list. 

How much money do I need for a deposit when buying a home in Apex NC

Deposits, along with the price, closing date and inspection timeframe, are part of the contract negotiations. They can be as high or as low as you want them to be, as long as the seller agrees. Liam O’Leary, lead agent for Harmony Realty, recommends different strategies, depending on how competitive a property is.

If a home has been on the market for 2 weeks or less in a competitive market like Apex NC, he usually suggests between $7000 and $10,000, depending on how attached you are to the house. The longer a property is on the market, the lower you can go for your due diligence deposit without compromising your likelihood of the seller accepting the offer.

But keep in mind that there is a correlation between the price you offer and the deposit. If your price is higher, your deposit can be lower. If your price is lower, you’ll want to make your deposit higher to make the offer more enticing to the seller. Want to talk to a real estate strategist? You can schedule a consultation here. 

There is also a secondary deposit called the earnest money deposit. This one is a little less competitive since, under certain conditions, it is a refundable deposit. Liam generally recommends a $2000 earnest money deposit in Apex NC. 

What inspections should I get when buying a home in Apex NC

1. General Home Inspection: Start with a general home inspection to cover the basics and determine if further specialized inspections are needed. It’s like seeing a general doctor before a specialist.
2. Pest Inspection: A pest inspection is crucial to detect wood-destroying insects like termites, which is important in Apex NC.
3. Radon Inspection: Since radon can cause cancer with long-term exposure, testing is essential. It’s a simple and cost-effective check, usually under $200.

Are homes for sale in Apex NC receiving multiple offers? 

Homes for sale in Apex NC frequently receive competing offers. About 25% of all homes for sale in Apex receive at least two offers. It’s a little different for new construction homes. Only 7% of new construction homes for sale in Apex receive multiple offers, compared to 35% of existing homes. 

How do you know if a home will have a competing offer? 

The most popular neighborhoods in Apex NC are the most likely to get competing offers. But it doesn’t happen for every house even in the popular neighborhoods. The best way to find out is to ask the listing agent. Sometimes they’ll spill the beans, sometimes they won’t, but it’s always good to get them on the phone if you’re able to. Sometimes what they don’t say gives us more information than what they do say. If you’d like an experienced agent on your side when you’re negotiating, give us a call to schedule a consultation. 

How much are homes selling for in Apex NC? 

The median priced home for sale in Apex NC is $617,000. The typical home sold at that price in Apex NC is a 2450 square foot single family home, and about 10-15 years old.

CLICK HERE for today’s housing market statistics for Apex, NC.

A little bit about Apex, North Carolina

Are you looking for homes for sale in Apex? Apex is a town located in Wake County, North Carolina, with a population of approximately 55,000 residents. It is consistently ranked among the top places to live in the United States, thanks to its high quality of life, excellent schools, low crime rate, and proximity to major urban centers.

Voted Best Place to Live in America and Happiest Suburb, Apex, NC is a charming town about 20 minutes southwest of Raleigh, NC. Apex has a well established parks and greenways system, and there is always a fair or festival going on downtown. It’s no wonder so many people love to call Apex home!

Apex Community Features

One of the main attractions of Apex is its charming downtown area, which boasts a variety of shops, restaurants, and local businesses housed in historic buildings. The downtown area is pedestrian-friendly and features tree-lined streets and sidewalks, making it a pleasant place to walk and explore.

Another notable feature of Apex is its parks and green spaces, including the popular Jordan Lake State Recreation Area. Jordan Lake is a large reservoir that offers a variety of recreational activities, including boating, fishing, camping, and hiking. Other parks in Apex include Apex Community Park, Hunter Street Park, and Kelly Road Park, among others. These parks offer a range of amenities, including playgrounds, sports fields, walking trails, and picnic areas.

Residents of Apex enjoy a high quality of life, thanks in part to the town’s strong economy and excellent job opportunities. The town has a diverse range of industries, including healthcare, technology, and education, and is home to several major employers, including Lenovo, Cisco Systems, and WakeMed Health & Hospitals.

A few popular neighborhoods in Apex are: Sweetwater neighborhood in Apex, MacArthur Park neighborhood in Apex, Toscana neighborhood in Apex and Glenkirk neighborhood in Apex.

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Trying to decide if Apex is the right place for you to move? You may want to read…

11 Reasons People Love Living in Apex

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