Apex, NC 27523 Real Estate Market Report

ZIP Code: 27523
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Apex, NC is characterized by a median sold price of $770,000, reflecting a stable market environment. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. With a median listing price of $654,450, there is a notable gap between asking prices and sold prices, suggesting potential pricing friction as sellers adjust expectations to align with market realities.

Inventory levels are elevated, contributing to a balanced market temperature. The median days on market stands at 329, indicating a slower sales velocity. This extended time frame may suggest that buyers are taking a more cautious approach, while the median market rent of $2,640 remains stable, reflecting ongoing demand for rental properties. Overall, the market is navigating through moderate transaction volumes amidst increasing inventory, which may provide opportunities for buyers seeking favorable conditions.

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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.

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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.

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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.

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Property Taxes

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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.

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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 averaging 6.38%, which is 0.16% higher than the 6.22% average from March 2025.

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

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Key Findings

1. The median sold price of $770,000 indicates a strong market value, reflecting a 15% increase since 2023.

2. Elevated inventory levels suggest excess supply relative to sales activity, which may lead to more negotiating power for buyers.

3. The median days on market of 329 points to a slower sales velocity, indicating that properties are taking longer to sell in the current market.

4. The median listing price of $654,450 shows a significant gap compared to sold prices, suggesting potential pricing friction for sellers.

5. With a median market rent of $2,640, rental demand remains stable, supporting the overall health of the local real estate market.

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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.