Cary, NC 27513 Real Estate Market Report

ZIP Code: 27513
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Cary, NC as of April 2026 is characterized by a median sold price of $438,500, reflecting stable to modestly appreciating values. The neighborhood has increased 15% since 2023, indicating a positive trend in market value. Despite elevated interest rates, strong local economic fundamentals continue to support housing demand, contributing to a balanced market environment.

Transaction activity appears moderate, with 1,407 days on market suggesting slower sales velocity. The current median listing price stands at $444,900, indicating some pricing friction as sellers adjust expectations to align with market realities. Overall, the market exhibits elevated inventory levels relative to sales activity, suggesting a potential for buyers to negotiate favorable terms in this environment.

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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

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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 Cary, NC are averaging 6.38%, which is 0.26% higher than the 6.12% average seen in early 2026.

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 $438,500 indicates a stable market with modest appreciation.

2. Transaction velocity is slower, with properties averaging 1,407 days on market, suggesting weaker liquidity.

3. The median listing price of $444,900 reflects seller expectations that may not fully align with buyer demand.

4. Market temperature remains neutral, indicating balanced conditions without strong buyer or seller advantages.

5. Elevated interest rate pressure persists, with current mortgage rates averaging 6.38%, which is 0.26% higher than earlier in the year.

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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.