Cary, NC 27513 Real Estate Market Report

ZIP Code: 27513
Report Date: May 2026
Market Temperature: HOT
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.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Cary, NC are 6.37%, which is 0.5% higher than the 5.87% average observed for typical loans in this area during February 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 primary indicator of market value is the median sold price 472,500, which anchors recent transaction activity and suggests realized pricing is modestly below asking levels given the median listing price of 485,000; down price momentum year-over-year supports a cautious pricing outlook.

2. Market liquidity appears sluggish with a high median days on market of 375, which implies moderate sales velocity and potential pricing friction despite the analyzed sample showing relatively constrained active supply.

3. Market strength signals are mixed: the market temperature is hot even as the price year-over-year trend is down, indicating competitive dynamics in specific segments while overall transaction prices have softened.

4. Affordability and yield considerations are under pressure: the median price per square foot is 233 and median market rent is 1,613, while rent year-over-year trend is down and interest rate pressure is moderate, which may weigh on investor returns and near-term buyer affordability.

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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.

Cary, NC 27513 Real Estate Market Report

ZIP Code: 27513
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Cary, NC are 6.37%, which is 0.5% higher than the 5.87% average observed for typical loans in this area during February 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 primary market indicator, the median sold price is 209,936, which anchors recent transaction values and suggests current market value for SFR and condo stock in ZIP 27513.

2. Despite a down price year-over-year trend, the market temperature is hot, indicating that while prices have softened year-over-year, demand pressure still supports quicker movement for competitively priced listings.

3. Extended selling timelines are visible: the median days on market is 681, which may indicate slower sales velocity and pricing friction that sellers should address with targeted marketing or realistic pricing strategies.

4. Pricing and yield context: the median price per square foot is 230 and median market rent is 1,500, while interest rate pressure is moderate and local 30-year fixed mortgage rates at 6.37% (0.5% above a recent local average) suggest financing costs are a meaningful consideration for buyers and investors.

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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.