Median Price Change & Competing Offers
Median Price
Keep in mind that median prices have limitations when looking at the market, especially when we’re looking at shorter periods of time, like a month. They don’t give an apples to apples comparison. Just because the median price is $450,000 right now (this is an example, not a real number) doesn’t mean that it is the same type of home that people bought for $460,000 last year. People could just be buying smaller or larger homes. So it doesn’t tell us whether prices have gone up or down. But it does tell us how buyers needs have changed.
Competing Offers
The percent of competing offers is the strongest indicator of market competitiveness. Cary, Apex, Morrisville and Chapel Hill remain the most competitive markets. Also keep in mind that this data is from a month ago. We are definitely seeing a lot of competition in the spring market! Sign up for our newsletter to be kept in the loop.
| Triangle Area Town | Median Price | % Change: Year over Year | % Competing Offers |
|---|---|---|---|
| Apex | 622,500 | 22.90% | 25.32% |
| Cary | 535,000 | 2.88% | 32.28% |
| Chapel Hill | 535,000 | -7.36% | 24.32% |
| Clayton | 364,995 | -2.00% | 14.15% |
| Durham | 399,425 | 4.42% | 18.18% |
| Fuquay-Varina | 411,290 | -5.38% | 10.20% |
| Garner | 395,000 | 0.08% | 18.18% |
| Holly Springs | 600,000 | 2.56% | 13.89% |
| Knightdale | 405,670 | 10.91% | 7.69% |
| Morrisville | 470,000 | -1.05% | 27.78% |
| Raleigh | 405,000 | 1.25% | 15.59% |
| Wake Forest | 524,900 | 5.09% | 7.56% |
| Wendell | 378,150 | -2.79% | 11.11% |
| Zebulon | 349,995 | 2.19% | 2.94% |
Expired Listings
When you see a negative percent in the expired listings table, that means the market has LESS inventory and more competition in the market. A positive percent means there are more properties listed that expire without selling.
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| Triangle Area Town | Expired Listings 2023 | Expired Listings 2024 | Percent Change |
|---|---|---|---|
| Apex | 7 | 1 | -85.71% |
| Cary | 7 | 8 | 14.29% |
| Chapel Hill | 8 | 4 | -50.00% |
| Clayton | 13 | 22 | 69.23% |
| Durham | 18 | 35 | 94.44% |
| Fuquay-Varina | 13 | 19 | 46.15% |
| Garner | 8 | 6 | -25.00% |
| Holly Springs | 2 | 3 | 50.00% |
| Knightdale | 3 | 3 | 0.00% |
| Morrisville | 2 | 1 | -50.00% |
| Raleigh | 37 | 57 | 54.05% |
| Wake Forest | 7 | 21 | 200.00% |
| Wendell | 2 | 10 | 400.00% |
| Zebulon | 2 | 3 | 50.00% |
View homes for sale in each Triangle Town, City, or County HERE.
Just Listed Homes in the Triangle
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