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Friday, November 22, 2024

Cary home prices fall in the first quarter of 2020

Re 4

The median sale price of a home sold in the first quarter of 2020 in Cary fell by $9,500 while total sales decreased by 95.3%, according to BlockShopper.com.

From January through March of 2020, there were 22 homes sold, with a median sale price of $313,500 - a 2.9% decrease over the $323,000 median sale price for the same period of the previous year. There were 469 homes sold in Cary in the first quarter of 2019.

The median sales tax in Cary for the most recent year with available data, 2018, was $3,152, approximately 1% of the median home sale price for the first quarter of 2020.

The following table compares Cary to other Wake County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Wake Forest7266-97.4%$341,000$291,00017.2%
Cary22469-95.3%$313,500$323,000-2.9%
Apex11215-94.9%$309,500$325,000-4.8%
Garner5145-96.6%$297,500$182,00063.5%
Raleigh461,712-97.3%$281,500$258,0009.1%
Holly Springs3187-98.4%$281,000$301,000-6.6%
Zebulon146-97.8%$274,000$184,75048.3%
Angier13-66.7%$265,000$295,000-10.2%
Wendell451-92.2%$246,500$159,50054.5%
Knightdale491-95.6%$244,000$196,50024.2%
Rolesville125-96%$228,000$300,000-24%

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