Apex, NC 27502 Real Estate Market Report

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

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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The primary market value indicator is the median sold price of $543,000, which represents the most reliable signal of realized pricing and suggests recent transactions support valuations above asking levels in some cases given the median listing price of $487,500 — sellers and appraisers should prioritize comparable solds when setting list strategies.
2. Transaction velocity appears slow based on the median days on market of 242, which may indicate pricing friction or a need for more competitive pricing and marketing to accelerate closings; agents should consider staged pricing bands and targeted buyer outreach to reduce time-to-contract.
3. Inventory conditions in the sampled dataset point to a relatively constrained active supply versus historical turnover, supporting the median price per square foot of $223 as a representative recent sale metric; investors and appraisers should use $223/ft² as the primary market-level per-square-foot comparator when evaluating SFR and condo opportunities.
4. Broader market signals are mixed: overall price direction is up while market temperature is neutral, rent direction is down, and interest rate pressure is moderate; underwriting and hold/exit plans should account for modest appreciation expectations and potential short-term rental softness.

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.