Is Cedar Fork Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cedar Fork Township has remained a Seller's Market.
Key Takeaway
Cedar Fork Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Fork Township, NC
How much do homes in Cedar Fork Township, NC cost?
Median Sold Price
$542,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Cedar Fork Township has remained the same since last year.
Summary: The median home sold price in Cedar Fork Township was $542,000 in May 2024, down 0.1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $233K | +5.9% |
| 2 Bedrooms | $342K | $362.5K | +6.0% |
| 3 Bedrooms | $505K | $500K | -1.0% |
| 4 Bedrooms | $665K | $695K | +4.5% |
| 5+ Bedrooms | $873K | $997.5K | +14.3% |
Summary: Cedar Fork Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Cary | $562.7K | $596.6K | +6.0% |
| Cary Township | $562.8K | $593K | +5.4% |
| Morrisville | $493.9K | $520K | +5.3% |
| House Creek Township | $418.5K | $430K | +2.7% |
| Cedar Fork Township | $542.4K | $542K | -0.1% |
Housing Supply in Cedar Fork Township, NC
How many homes are available in Cedar Fork Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 169 | 178 | +5.3% |
Summary: The Cedar Fork Township real estate market had 178 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 38 | 38 | 0.0% |
| 3 Bedrooms | 66 | 73 | +10.6% |
| 4 Bedrooms | 41 | 49 | +19.5% |
| 5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The Cedar Fork Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 57 | +9.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Fork Township, you could pay more than the asking price. 43.9% of homes here sold above asking price last month.
Summary: A total of 57 homes were sold or pending in Cedar Fork Township in May 2024, up by 9.6% month-over-month. Of the 57 sold homes, 35% were sold under asking, 21% were sold at asking, and 44% were sold over asking.
Days on Market for Cedar Fork Township, NC
How long does it take to sell a home in Cedar Fork Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 14 Days | -75.7% |
Summary: Homes in Cedar Fork Township had an average of 14 days on market in May 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Fork Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 57 homes were sold in Cedar Fork Township; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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