$9,203 Closing Credit*
$775,000
4,487 SqFt
5 Beds
•4 Full Baths, 1 Partial
Mitra Ahdieh, Listing Office: Fonville Morisey/Stonehenge Sa
Is Wake County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Wake County has remained a Seller's Market.
Key Takeaway
Wake County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wake County, NC
How much do homes in Wake County, NC cost?
Median Sold Price
$481,440
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,036(+3.9%)
Key Takeaway
Homes in Wake County have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Wake County was $481,440 in October 2024, up 3.9% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | $255K | +5.2% |
| 2 Bedrooms | $309.9K | $321.6K | +3.8% |
| 3 Bedrooms | $399.4K | $409.2K | +2.5% |
| 4 Bedrooms | $560.9K | $592.7K | +5.7% |
| 5+ Bedrooms | $717K | $780K | +8.8% |
Summary: Wake County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Counties
| Durham County | $405.2K | $422.6K | +4.3% |
| Wake County | $463.4K | $481.4K | +3.9% |
| Granville County | $318.1K | $325K | +2.1% |
| Franklin County | $374.8K | $379.9K | +1.4% |
| Johnston County | $349.6K | $349.9K | 0.1% |
Housing Supply in Wake County, NC
How many homes are available in Wake County, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5,271 | 5,374 | +2.0% |
Summary: The Wake County real estate market had 5,374 homes for sale in October 2024, a 2.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 45 | 44 | -2.2% |
| 2 Bedrooms | 466 | 489 | +4.9% |
| 3 Bedrooms | 2,295 | 2,340 | +2.0% |
| 4 Bedrooms | 1,725 | 1,739 | +0.8% |
| 5+ Bedrooms | 740 | 762 | +3.0% |
Summary: The Wake County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,082 | 1,199 | +10.8% |
Asking Price vs. Sold Price
648 Homes Were Sold
Under Asking
315 Homes Were Sold
At Asking
236 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wake County, you may be able to get a good deal. 54% of homes here sold below asking price last month.
Summary: A total of 1,199 homes were sold or pending in Wake County in October 2024, up by 10.8% month-over-month. Of the 1,199 sold homes, 54% were sold under asking, 26% were sold at asking, and 20% were sold over asking.
Days on Market for Wake County, NC
How long does it take to sell a home in Wake County, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 37 Days | -49.0% |
Summary: Homes in Wake County had an average of 37 days on market in Oct 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
733 Homes Were Sold
Under 30 Days
327 Homes Were Sold
In 30 - 90 Days
139 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wake County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1199 homes were sold in Wake County; 61% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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