$5,160 Closing Credit*
$434,490
2,340 SqFt
4 Beds
•2 Full Baths, 1 Partial
Aimee Vasilik, 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 November 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
$528,215
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$598(+0.1%)
Key Takeaway
The sold price of homes in Wake Forest has remained the same since last year.
Summary: The median home sold price in Wake Forest was $528,215 in November 2024, up 0.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209K | $286K | +36.8% |
| 2 Bedrooms | $349.8K | $425K | +21.5% |
| 3 Bedrooms | $400K | $414.6K | +3.7% |
| 4 Bedrooms | $637.3K | $630K | -1.1% |
| 5+ Bedrooms | $678K | $695K | +2.5% |
Summary: Wake Forest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.8%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Neuse Township | $377.3K | $420K | +11.3% |
| Youngsville Township | $415K | $431.6K | +4.0% |
| Wake Forest Township | $500.1K | $501.2K | 0.2% |
| Wake Forest | $527.6K | $528.2K | 0.1% |
| Rolesville | $550K | $488.4K | -11.2% |
Housing Supply in Wake Forest, NC
How many homes are available in Wake Forest, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 503 | 444 | -11.7% |
Summary: The Wake Forest real estate market had 444 homes for sale in November 2024, a 11.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 172 | 163 | -5.2% |
| 4 Bedrooms | 215 | 177 | -17.7% |
| 5+ Bedrooms | 99 | 86 | -13.1% |
Summary: The Wake Forest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes decreased by 13.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 127 | 81 | -36.2% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
31 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. 43.2% of homes here sold below asking price last month.
Summary: A total of 81 homes were sold or pending in Wake Forest in November 2024, down by 36.2% month-over-month. Of the 81 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 37 Days | -54.7% |
Summary: Homes in Wake Forest had an average of 37 days on market in Nov 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
11 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 November 2024, 81 homes were sold in Wake Forest; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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