Is Wendell, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Wendell was a Seller's Market.
Key Takeaway
Wendell is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wendell, NC
How much do homes in Wendell, NC cost?
Median Sold Price
$410,642
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wendell have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Wendell was $410,642 in April 2024, down 1.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160.3K | N/A |
| 2 Bedrooms | $374.2K | $370K | -1.1% |
| 3 Bedrooms | $399.9K | $384.2K | -3.9% |
| 4 Bedrooms | $459.9K | $450K | -2.2% |
| 5+ Bedrooms | $583K | $528.5K | -9.4% |
Summary: Wendell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Marks Creek Township | $402.6K | $399.9K | -0.7% |
| Wendell | $418.1K | $410.6K | -1.8% |
Housing Supply in Wendell, NC
How many homes are available in Wendell, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 156 | 139 | -10.9% |
Summary: The Wendell real estate market had 139 homes for sale in April 2024, a 10.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 81 | 74 | -8.6% |
| 4 Bedrooms | 53 | 45 | -15.1% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Wendell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 21 | -34.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wendell, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Wendell in April 2024, down by 34.4% month-over-month. Of the 21 sold homes, 43% were sold under asking, 33% were sold at asking, and 24% were sold over asking.
Days on Market for Wendell, NC
How long does it take to sell a home in Wendell, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 141 Days | 39 Days | -71.8% |
Summary: Homes in Wendell had an average of 39 days on market in Apr 2024, down by 71.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wendell are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Wendell; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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