Apex, NC 27502 Real Estate Market Report

ZIP Code: 27502
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Apex, NC are 6.30% compared to the 5.87% average seen earlier in 2026, indicating that property owners who secured loans during that period hold a favorable rate.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary market indicator, the median sold price of 464,500, anchors current value expectations and suggests recent transaction-level strength despite a modest cooling in appreciation; price trend is down year-over-year, so sellers should temper expectations when pricing against recent comps.

2. There is a persistent gap between the median listing price of 477,500 and the median sold price of 464,500, which may indicate pricing friction where seller expectations exceed realized sale prices and moderate market temperature suggests neither clear seller nor buyer dominance.

3. Liquidity appears slowed: the median days on market is 281, which points to slower sales velocity and suggests that properties may require longer marketing periods or price adjustments to achieve sale; combined with a relatively constrained active supply in the analyzed sample, this appears to be a market moving toward balance rather than rapid turnover.

4. Rental demand remains a relative strength for investors: the median market rent is 1,950 while rent year-over-year trend is up, indicating strengthening rent fundamentals even as interest rate pressure is described as moderate, which could weigh on buyer affordability and extend holding periods for sellers.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Apex, NC 27502 Real Estate Market Report

ZIP Code: 27502
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Apex, NC are 6.30% compared to the 5.87% average seen earlier in 2026, indicating that property owners who secured loans during that period hold a favorable rate.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary market indicator is the median sold price of $335,000, which represents the most reliable snapshot of recent transaction values and suggests pricing has moderated relative to prior periods; contextual interpretation is appropriate given mixed signals across other metrics.

2. Liquidity appears slow: the median days on market is 455 days, which points to significantly slower sales velocity and suggests that properties may take substantially longer to transact under current conditions; this aligns with a down price year-over-year trend and may indicate increased pricing friction rather than a rapid market reset.

3. Pricing structure shows a median price per square foot of $231 alongside a median market rent of $1,950; rent is trending up (up), indicating strengthening rental demand even as sales prices cool, which may sustain investor interest and support occupancy-driven pricing dynamics.

4. Market balance is broadly neutral: the market temperature is neutral, and sample-level supply appears relatively constrained in the analyzed dataset, producing moderate transaction activity rather than elevated turnover; combined with moderate interest rate pressure, this suggests a balanced near-term outlook where careful pricing and staged marketing will be important to maintain liquidity.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.