Coming soon
$4,863 Closing Credit¹
Vanessa Mouton, Listing Office: Berkshire Hathaway HomeService
Wake County Housing Market Report December 2024•Wake County, North Carolina
Housing Prices in Wake County, NC
How much do homes in Wake County, NC cost?
Housing Market Conditions
Is Wake County, NC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Wake County is a Seller's Market
Difference Since December 2023
Since last year, Wake County has remained a Seller's Market.
Insight
Wake County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$482,937$229/SqFt
+$14,855
+3.2%
Based on all homes sold in the last 12 months
Insight
Homes in Wake County have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Wake County was $482,937 in December 2024, up 3.2% from last year, and the median price per square foot was $229.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Durham County | $406.9K | $423K | +3.9% |
| Wake County | $468K | $482.9K | +3.2% |
| Granville County | $319K | $325.5K | +2.0% |
| Franklin County | $374.9K | $379.9K | +1.3% |
| Johnston County | $349.6K | $349.9K | 0.1% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $249.9K | $255K | +2.0% |
| 22 Bedrooms | $315K | $325K | +3.2% |
| 33 Bedrooms | $400K | $409.9K | +2.5% |
| 44 Bedrooms | $562K | $599.2K | +6.6% |
| 55+ Bedrooms | $724.9K | $794.4K | +9.6% |
Summary: Wake County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +2.0%. The home price for 2 bedroom homes increased by +3.2%. The home price for 3 bedroom homes increased by +2.5%. The home price for 4 bedroom homes increased by +6.6%. The home price for 5 bedroom homes increased by +9.6%.
Housing supply in Wake County, NC
How many homes are available in Wake County, NC?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4,024Last MonthDec 2024 | ||
| 4,7102 months agoNov 2024 | -14.6 % Change MoMNov – Dec |
Summary: The Wake County real estate market had 4,024 homes for sale in Dec 2024, a 14.6 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1,114Last MonthDec 2024 | ||
| 1,0482 months agoNov 2024 | +6.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 45 | 46 | +2.2% |
| 22 Bedrooms | 421 | 388 | -7.8% |
| 33 Bedrooms | 2,087 | 1,770 | -15.2% |
| 44 Bedrooms | 1,512 | 1,257 | -16.9% |
| 55+ Bedrooms | 645 | 563 | -12.7% |
Summary: Wake County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +2.2%. The inventory for 2 bedroom homes decreased by -7.8%. The inventory for 3 bedroom homes decreased by -15.2%. The inventory for 4 bedroom homes decreased by -16.9%. The inventory for 5 bedroom homes decreased by -12.7%.
Asking Price vs. Sold Price
How much do homes in Wake County, NC cost?
Over Asking Price176 Homes
At Asking Price307 Homes
Under Asking Price631 Homes
Insight
If you're buying a home in Wake County, you may be able to get a good deal. 56.6% of homes here sold below asking price last month.
Summary: A total of 1,114 homes were sold or pending in Wake County in December 2024, up by 6.3% month-over-month. Of the 1114 sold homes, 57% were sold under asking, 28% were sold at asking, and and 16% were sold over asking.
Days on Market for Wake County, NC
How long does it take to sell a home in Wake County, NC?
Breakdown of Home Sale Times
Under 30 Days598 Homes
30 – 90 Days368 Homes
Over 90 Days148 Homes
Insight
Many homes in Wake County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1114 homes were sold in Wake County; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 44 DaysThis YearDec 2024 | ||
| 86 Days1 year agoDec 2023 | -49.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Wake County had an average listing age of 44 days in Dec 2024, down by 49.1% compared to the previous year.
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Newest Listings in Wake County, NC
What homes are available in Wake County, NC?
New - 4 hours on Rocket
$3,384 Closing Credit¹
Daniel Gluckin, Jade de Leon, Listing Office: Compass -- Raleigh
Coming soon
$6,709 Closing Credit¹
John Dukes, Listing Office: EXP Realty LLC
New - 4 hours on Rocket
$10,000 Closing Credit¹
Erica Jevons Sizemore, Listing Office: Keller Williams Realty
New - 5 hours on Rocket
$3,147 Closing Credit¹
Susan Doninger Greer, Listing Office: Allen Tate/Raleigh-Glenwood
New - 5 hours on Rocket
$3,438 Closing Credit¹
Lori Boyle, Listing Office: Fathom Realty NC, LLC
New - 6 hours on Rocket
$10,000 Closing Credit¹
Anna Ball Hodge, Joseph Hodge, Listing Office: Hodge & Kittrell Sotheby's Int
New - 6 hours on Rocket
$7,422 Closing Credit¹
Linda Craft, Steve Kruger, Listing Office: Linda Craft Team, REALTORS
New - 6 hours on Rocket
Trevor Burris, Listing Office: Lovette Properties LLC
New - 7 hours on Rocket
$7,006 Closing Credit¹
Sonya Jeffrey, Joshua Swindell, Listing Office: Edge Real Estate Company, LLC
New - 7 hours on Rocket
$10,000 Closing Credit¹
Karen Coe, Listing Office: Keller Williams Legacy
New - 7 hours on Rocket
$5,071 Closing Credit¹
L. Calvin Ramsey, Listing Office: Ramsey Realtors Team Inc
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Based on information from Doorify MLS, Hive MLS, Canopy MLS, Triad MLS Inc, and BrightMLS for the period 01/01/2023 - 01/01/2025
Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:51:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.