$5,617 Closing Credit*
$472,990
2,511 SqFt
5 Beds
•3 Full Baths
Ahmad Noura, Gina Wright, Listing Office: DR Horton-Terramor Homes, LLC
Is Wake Forest, 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 Forest has remained a Seller's Market.
Key Takeaway
Wake Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wake Forest, NC
How much do homes in Wake Forest, NC cost?
Median Sold Price
$533,564
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,564(+1.6%)
Key Takeaway
Homes in Wake Forest have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Wake Forest was $533,564 in October 2024, up 1.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272K | $286K | +5.1% |
| 2 Bedrooms | $285K | $425K | +49.1% |
| 3 Bedrooms | $399.9K | $414.8K | +3.7% |
| 4 Bedrooms | $639.8K | $630.6K | -1.4% |
| 5+ Bedrooms | $665K | $693.1K | +4.2% |
Summary: Wake Forest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 49.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Neuse Township | $379.7K | $415K | +9.3% |
| Youngsville Township | $415K | $429.4K | +3.5% |
| Wake Forest | $525K | $533.5K | +1.6% |
| Wake Forest Township | $499.4K | $505.3K | +1.2% |
| Rolesville | $555.2K | $489.9K | -11.8% |
Housing Supply in Wake Forest, NC
How many homes are available in Wake Forest, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 525 | 500 | -4.8% |
Summary: The Wake Forest real estate market had 500 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 177 | 169 | -4.5% |
| 4 Bedrooms | 227 | 214 | -5.7% |
| 5+ Bedrooms | 103 | 99 | -3.9% |
Summary: The Wake Forest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 3.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 127 | +23.3% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wake Forest, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.
Summary: A total of 127 homes were sold or pending in Wake Forest in October 2024, up by 23.3% month-over-month. Of the 127 sold homes, 51% were sold under asking, 37% were sold at asking, and 12% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 85 Days | 49 Days | -42.4% |
Summary: Homes in Wake Forest had an average of 49 days on market in Oct 2024, down by 42.4% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wake Forest are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 127 homes were sold in Wake Forest; 56% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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