Is Wake Forest, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wake Forest has remained a Seller's Market.
Housing Prices in Wake Forest, NC
How much do homes in Wake Forest, NC cost?
Median Sold Price
$543,758
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wake Forest was $543,758 in April 2024, up 1.9% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $291K | +49.2% |
2 Bedrooms | $360K | $392K | +8.9% |
3 Bedrooms | $415K | $407.5K | -1.8% |
4 Bedrooms | $621K | $649.5K | +4.6% |
5+ Bedrooms | $670K | $685K | +2.2% |
Summary: Wake Forest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.2%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
Wake Forest Township | $494.2K | $515.1K | +4.2% |
Youngsville Township | $411.4K | $426.9K | +3.8% |
Wake Forest | $533.4K | $543.7K | +1.9% |
Neuse Township | $389.9K | $390.4K | 0.1% |
Rolesville | $550K | $530K | -3.6% |
Housing Supply in Wake Forest, NC
How many homes are available in Wake Forest, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
474 | 480 | +1.3% |
Summary: The Wake Forest real estate market had 480 homes for sale in April 2024, a 1.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 25 | 20 | -20.0% |
3 Bedrooms | 176 | 167 | -5.1% |
4 Bedrooms | 188 | 208 | +10.6% |
5+ Bedrooms | 85 | 85 | 0.0% |
Summary: The Wake Forest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 134 | +32.7% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 134 homes were sold or pending in Wake Forest in April 2024, up by 32.7% month-over-month. Of the 134 sold homes, 42% were sold under asking, 37% were sold at asking, and 22% were sold over asking.
Days on Market for Wake Forest, NC
How long does it take to sell a home in Wake Forest, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
107 Days | 36 Days | -66.0% |
Summary: Homes in Wake Forest had an average of 36 days on market in Apr 2024, down by 66% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 134 homes were sold in Wake Forest; 67% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.