Is Wake Forest Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wake Forest Township has remained a Seller's Market.
Key Takeaway
Wake Forest Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wake Forest Township, NC
How much do homes in Wake Forest Township, NC cost?
Median Sold Price
$509,985
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wake Forest Township have sold for 2% more than they did a year ago.
Summary: The median home sold price in Wake Forest Township was $509,985 in March 2024, up 2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $291K | +32.3% |
| 2 Bedrooms | $336K | $340.7K | +1.4% |
| 3 Bedrooms | $400.1K | $395.4K | -1.2% |
| 4 Bedrooms | $584.7K | $595.6K | +1.9% |
| 5+ Bedrooms | $666.9K | $655K | -1.8% |
Summary: Wake Forest Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Wake Forest Township | $500.1K | $509.9K | +2.0% |
| Youngsville Township | $414K | $422.5K | +2.0% |
| Wake Forest | $539.8K | $539.6K | 0% |
| Rolesville | $551K | $545K | -1.1% |
| Neuse Township | $394.6K | $384.2K | -2.7% |
Housing Supply in Wake Forest Township, NC
How many homes are available in Wake Forest Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 587 | 574 | -2.2% |
Summary: The Wake Forest Township real estate market had 574 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 214 | 214 | 0.0% |
| 4 Bedrooms | 227 | 215 | -5.3% |
| 5+ Bedrooms | 121 | 117 | -3.3% |
Summary: The Wake Forest Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 126 | 130 | +3.2% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wake Forest Township, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 130 homes were sold or pending in Wake Forest Township in March 2024, up by 3.2% month-over-month. Of the 130 sold homes, 47% were sold under asking, 28% were sold at asking, and 25% were sold over asking.
Days on Market for Wake Forest Township, NC
How long does it take to sell a home in Wake Forest Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 113 Days | 99 Days | -12.0% |
Summary: Homes in Wake Forest Township had an average of 99 days on market in Mar 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
79 Homes Were Sold
In 30 - 90 Days
44 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wake Forest Township has remained consistent over time.
Summary: During March 2024, 130 homes were sold in Wake Forest Township; 5% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
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