Is Wendell, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wendell is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Wendell has remained a Seller's Market.

Key Takeaway

Wendell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wendell, NC

How much do homes in Wendell, NC cost?

Median Sold Price

$409,950

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$4,459(-1.1%)

Key Takeaway

Homes in Wendell have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Wendell was $409,950 in June 2024, down 1.1% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$160.3K
N/A
2 $368.6K$350K
-5.1%
3 $391K$385K
-1.5%
4 $466.5K$430K
-7.8%
5+ $611.2K$426.9K
-30.2%

Summary: Wendell housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 30.2%.

Median Sold Price Compared To Nearby Cities

Marks Creek Township
+0.6%
Wendell
-1.1%

Housing Supply in Wendell, NC

How many homes are available in Wendell, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
323272-15.8%

Summary: The Wendell real estate market had 272 homes for sale in June 2024, a 15.8% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 117
-36.4%
3 154135
-12.3%
4 124100
-19.4%
5+ 3329
-12.1%

Summary: The Wendell housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 12.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
7454-27.0%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wendell, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in Wendell in June 2024, down by 27.0% month-over-month. Of the 54 sold homes, 43% were sold under asking, 39% were sold at asking, and 19% 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

Jun 2023Jun 2024CHANGE
103 Days50 Days-50.9%

Summary: Homes in Wendell had an average of 50 days on market in Jun 2024, down by 50.9% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wendell are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 54 homes were sold in Wendell; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Wendell, NC

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