The April 2025 Raleigh real estate market update offers a closer look at housing trends across Southwest Raleigh. From inventory shifts to pricing patterns, each town tells a different story. Here’s a breakdown of the most recent data from Morrisville, Cary, Apex, Holly Springs, and Fuquay-Varina to help you better understand today’s market landscape.

Morrisville

Morrisville's market is showing signs of cooling slightly. The median home price stands at $435,000, with inventory rising to 2.7 months of supply. Price reductions have increased to 30%, while the average list-to-sales price ratio dropped to 97%. Only 25% of homes sold over list price, while the majority—65%—sold below. Homes are still moving quickly, with a median of 8 days on the market.

Cary

In Cary, the median home price reached $625,000. Inventory has grown to 2.5 months, and 25% of homes saw price reductions. The average list-to-sales price dropped slightly to 98%. Interestingly, 34% of homes sold over list price—more favorable for sellers compared to Morrisville. With homes selling in just 5 days on average, Cary remains one of the most competitive markets in the area.

Apex

Apex saw a median home price of $615,000 and a 2.2-month supply of homes. Price reductions declined to 19%, and sellers received an average of 100% of their list price. This indicates strong pricing power. Homes are selling in a median of 7 days, and 39% sold over list price, pointing to robust buyer demand in this town.

Holly Springs

Holly Springs reported a median home price of $565,000 and a 2.0-month supply. Price reductions decreased to 22%, and the average list-to-sales price rose to 98%. Homes are spending a bit more time on the market here—11 days—but nearly half (47%) still sold under list price. However, 27% sold over asking, which reflects a balanced dynamic.

Fuquay-Varina

Fuquay-Varina had the lowest median home price this month at $434,700 and the highest inventory level at 3.0 months. Price reductions climbed to 42%, and homes sold for 97% of list price on average. Only 15% sold over asking, while 62% sold under, making this area more favorable for buyers. The average days on market was 18—also the highest in this update.

Summary

Across SW Raleigh, inventory is rising, hinting at a shift toward a buyer’s market. However, strong competition and fast-moving homes in towns like Cary and Apex keep things competitive for sellers. With list-to-sale ratios and offer trends varying widely, local data plays a key role in setting the right pricing and offer strategies.