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FOCUS ON: FUQUAY VARINA AREA HOUSING MARKET |
AUGUST 2025 |
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Zip Code(s): 27526 |
Units Sold
158 |
Active Inventory
454 |
Median Sale Price
$485,000 |
Days On Market
51 |
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Up 12%
Vs. Year Ago |
Up 29%
Vs. Year Ago |
Up 6%
Vs. Year Ago |
Up 38%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 158 sold this month in Fuquay Varina Area Real Estate versus 166 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 12% versus August 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 103 units or 29%. The total number of active inventory this August was 454 compared to 351 in August 2024. This month's total of 454 is lower than the previous month's total supply of available inventory of 465, a decrease of 2%.
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Median Sale Price
Last August, the median sale price for Fuquay Varina Area Homes was $459,455. This August, the median sale price was $485,000, an increase of 6% or $25,545 compared to last year. The current median sold price is 10% higher than in July.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
192 |
Current Contracts
166 |
Sold Vs. List Price
98.4% |
Months of Supply
2.9 |
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Up 28%
Vs. Year Ago |
Up 17%
Vs. Year Ago |
Down -1.4%
Vs. Year Ago |
Up 15%
Vs. Year Ago |
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Months of Supply
In August, there was 2.9 months of supply available in Fuquay Varina Area, compared to 2.5 in August 2024. That is an increase of 15% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 192 homes newly listed for sale in Fuquay Varina Area compared to 150 in August 2024, an increase of 28%. There were 166 current contracts pending sale this August compared to 142 a year ago. The number of current contracts is 17% higher than last August.
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Sale Price to List Price Ratio
In August, the average sale price in Fuquay Varina Area was 98.4% of the average list price, which is 1.4% lower than at this time last year.
Days on Market
This month, the average number of days on market was 51, higher than the average last year, which was 37, an increase of 38%.
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Fuquay Varina Area are defined as properties listed in zip code/s 27526. |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc. |