Apex Home Prices & Values

$262,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.8% 1-year change
  • 4.5% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Apex is $262,600. Apex home values have gone up 6.8% over the past year and Zillow predicts they will rise 4.5% within the next year. The median list price per square foot in Apex is $127, which is higher than the Raleigh Metro average of $111. The median price of homes currently listed in Apex is $337,000 while the median price of homes that sold is $264,450. The median rent price in Apex is $1,280, which is higher than the Raleigh Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Apex 1.6 homes are foreclosed (per 10,000). This is lower than the Raleigh Metro value of 3.9 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Apex is 2.4%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Apex homeowners underwater on their mortgage is 9.2%, which is lower than Raleigh Metro at 14.3%.

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Relative ZHVI
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Apex Market Overview

Data through Jun 30, 2014
  • $262,600 ZHVI
  • 4.5% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $337,000 Median listing price
  • $264,450 Median sale price
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Apex Market Health

Data through Jun 30, 2014
  • 8.7/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 9.2% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 2.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.6 homes Apex
3.9 homes Raleigh Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Chapel Hill $328,300 Cary $288,300 Morrisville $242,200
Holly Springs $226,600 Carrboro $220,700 Moncure $199,800
Fuquay Varina $195,100 Raleigh $188,900 Durham $158,700

Listings & Sales

Data through Jun 30, 2014
  • $127 Median list price / sq ft
  • $123 Median sale price / sq ft
  • 24.3% Listings with price cut
16.2%
Sold below listing
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Apex Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,541 Apex
$1,304 Raleigh Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,280 Rent list price
  • $0.84 Rent list price / sq ft
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