The SW Raleigh, North Carolina, real estate market shows signs of transition as we move through the summer. While it’s not officially a buyer’s market, the latest data suggests we may be heading in that direction. Median sales prices remain strong, but days on market, price reductions, and inventory levels are shifting. For sellers, understanding these trends is key to pricing and preparing a home properly. Here’s a closer look at what’s happening in five key areas around Raleigh.
SW Raleigh Real Estate Market Update for June 2025
Morrisville Real Estate Market Update
The combined median sales price in Morrisville is $501,500. Housing supply has increased to 3.5 months, up from last month, giving buyers more options. About 45% of homes had price reductions before going under contract—only 15% of homes sold above the list price, while 70% sold below. Homes stayed on the market for an average of 9 days, a slight improvement compared to the previous month.
Cary Real Estate Market Update
Cary is still one of the more competitive markets, with a median sales price of $615,000. Housing supply has slightly increased to 2.3 months, and 22% of homes saw price reductions before selling. On average, homes sold for 98.7% of their list price, a slight decline from the previous month. About 37% of homes sold above asking price, while 44% sold below, indicating a shift toward a more balanced market. The average number of days on the market rose to 6.
Apex Real Estate Market Update
In Apex, the median sales price is $612,500, and the current housing supply is 2.7 months. About 25% of homes had price reductions before going under contract. On average, homes sold for 98.8% of their list price. While 25% of properties sold above asking price, 45% sold below. The average time on the market remained steady at 8 days, suggesting consistent but careful buyer interest.
Holly Springs Real Estate Market Update
Holly Springs recorded the highest median sales price this month at $635,000. Inventory increased to 2.2 months, giving buyers more to choose from. Only 18% of homes had price reductions, and homes sold for an average of 99.1% of their list price—an improvement from last month. About 34% of properties sold above asking, while 43% sold below. Homes spent an average of 11 days on the market, slightly longer than before.
Fuquay Varina Real Estate Market Update
Fuquay Varina remains one of the more affordable areas, with a median sales price of $480,000. The housing supply increased to 3.2 months, and 29% of homes had price reductions before selling. On average, homes sold for 97.7% of their list price. More than half—51%—of the homes sold below asking. The average time on the market was 12 days, showing slight improvement from the previous month.
Conclusion
Overall, the Raleigh real estate market is cooling. While it's not yet a buyer’s market, rising inventory and more frequent price reductions are worth watching. Sellers should work with experienced agents who understand local shifts and can guide smart pricing strategies.
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