Cary, NC 27519 Real Estate Market Report

ZIP Code: 27519
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 is currently characterized by a median sold price of $547,000, reflecting a stable market despite recent fluctuations. The neighborhood has increased 0% since 2023, indicating a plateau in price growth. This stabilization may suggest a shift in buyer expectations and market dynamics, as the gap between the median listing price of $522,500 and the sold price indicates potential pricing friction.

Market activity shows signs of normalization, with 312 median days on market suggesting a slower sales velocity. Elevated inventory levels are evident, as the current market conditions reflect excess supply relative to sales activity. This environment, coupled with elevated interest rate pressure, may lead to a more cautious approach among buyers and sellers alike, as affordability remains a concern in the face of rising mortgage rates.

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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

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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 approximately 6.64% compared to an average of 6.10% in early 2026, representing a 0.54% increase.

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. $547,000 is the median sold price, indicating stable transaction values in the current market.

2. 312 median days on market suggests a slower sales velocity, reflecting a more cautious buyer sentiment.

3. The median listing price of $522,500 highlights potential pricing friction compared to sold prices, indicating seller expectations may need adjustment.

4. Market temperature is neutral, suggesting balanced conditions between supply and demand, with no significant pressure on either side.

5. Elevated interest rate pressure may impact affordability, contributing to a more cautious market environment.

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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.