Why Live in Preston
Preston, a neighborhood in Cary, North Carolina, was developed in the 1990s to attract professionals for local tech companies like SAS Institute. The area has seen renewed interest with Apple's announcement of a new campus just 3 miles away. Positioned between Durham and Raleigh, Preston features high-end homes and a suburban lifestyle. The real estate market here is distinct, with average home values around $1 million, compared to $650,000 in Cary. Homes, mostly built in the '90s, showcase neocolonial and neo-eclectic styles, with spacious yards and winding streets. The neighborhood is part of the Wake County Public School System, with Morrisville Elementary School and Green Hope High School both highly rated. Alston Ridge Middle School, also well-regarded, is 6 miles away. Prestonwood Country Club offers members access to golf courses, tennis courts, and an aquatics center, while Cary Tennis Park and Fred G. Bond Metro Park provide additional recreational features. Local shopping includes Lowes Food, La Farm Bakery, and Miso Ramen Bar, with a larger retail complex 2 miles away. The nearest hospital, WakeMed Cary Hospital, is 8 miles from Preston. Community events are promoted on the Preston Village Facebook page, fostering neighborly connections. Transportation primarily relies on cars, though GoCary buses serve the area, with downtown Cary 6 miles away and Research Triangle Park 8 miles distant.
Home Trends in Preston, NC
On average, homes in Preston, Cary sell after 96 days on the market compared to the national average of 70 days. The median sale price for homes in Preston, Cary over the last 12 months is $346,500, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$346,500
Median Single Family Sale Price
$394,999
Median Townhouse Sale Price
$675,000
Median 2 Bedroom Sale Price
$239,000
Median 1 Bedroom Sale Price
$355,000
Average Price Per Sq Ft
$234
Number of Homes for Sale
10
Last 12 months Home Sales
314
Median List Price
$385,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
10%