As we move through May 2025, the Raleigh real estate market continues to show dynamic trends across its southwestern suburbs. From Morrisville to Fuquay Varina, buyers and sellers are adapting to evolving conditions. If you're keeping an eye on homes for sale in Raleigh NC, here’s a closer look at how each suburb is performing—and what the numbers are telling us.
Morrisville
Morrisville’s median home price is currently $512,500, with a 3.6-month supply—an increase from last month that points to a gradual move toward a more balanced market. The percentage of listings with price reductions dropped to 23%, suggesting that sellers are beginning to price their homes more accurately.
Homes are averaging 14 days on the market, with 98.7% selling close to the original list price. Most homes are selling at or below asking price, indicating that buyers still have some negotiating power in this area.
Cary
Cary continues to be one of the most competitive areas in the Raleigh real estate market. The median home price is $675,000, with just 2.2 months of supply—clearly indicating a seller’s market. Price reductions remain steady at 25%, while nearly half of the homes sold above the list price and only 35% sold below.
Homes are spending an average of just 5 days on the market, showing how quickly buyers are making decisions. Sellers can expect strong interest when their homes are well-priced and well-presented.
Apex
Apex continues to demonstrate strong demand, with a median home price of $610,510 and a 2.3-month supply of homes. Price reductions were limited to just 15%, and properties are selling quickly, averaging only 8 days on the market. Approximately 32% of homes sold above list price, while 52% sold below, highlighting a mix of buyer opportunities.
Although some flexibility remains, the overall trend points to increasing competition and the importance of acting quickly in today’s market.
Holly Springs
Holly Springs reports a median home price of $675,000 and a limited 1.9-month supply, underscoring ongoing demand. The rate of price reductions declined to 20%, and homes are selling rapidly, with an average of just 5 days on the market. Nearly 36% of homes sold above list price, signaling a competitive environment.
As more properties are selling at or above asking price, Holly Springs continues to show signs of a strengthening market.
Fuquay Varina
Fuquay Varina remains a more affordable option in the Raleigh real estate market, with a median home price of $454,653 and a 2.2-month supply. Price reductions decreased to 38%, and homes are averaging 15 days on the market.
Although half of the homes sold below list price, the decline in reductions and rise in list-price sales suggest increasing buyer interest and activity in this area.
Conclusion
The Raleigh real estate market remains hyper-local, and each suburb is experiencing its own momentum. While median prices tend to drop farther from Raleigh’s core, homes across the region are increasingly selling close to their original asking prices. Whether you're buying or selling, understanding these trends can help you make informed decisions in the Raleigh real estate market.