New - 8 hours on Rocket
$3,598 Closing Credit¹
Charlotte Michau, Listing Office: Coldwell Banker Advantage
Wake Forest Housing Market Report December 2024•Wake County, North Carolina
Housing Prices in Wake Forest, NC
How much do homes in Wake Forest, NC cost?
Housing Market Conditions
Is Wake Forest, NC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Wake Forest is a Seller's Market
Difference Since December 2023
Since last year, Wake Forest has remained a Seller's Market.
Insight
Wake Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$525,977$211/SqFt
+$709
0.1%
Based on all homes sold in the last 12 months
Insight
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 $525,977 in December 2024, up 0.1% from last year, and the median price per square foot was $211.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Neuse Township | $379.9K | $420.6K | +10.7% |
| Youngsville Township | $415K | $434.9K | +4.8% |
| Wake Forest Township | $499.9K | $500.2K | 0.1% |
| Wake Forest | $525.2K | $525.9K | 0.1% |
| Rolesville | $550K | $479.8K | -12.8% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $282K | $288.7K | +2.4% |
| 22 Bedrooms | $350K | $425K | +21.4% |
| 33 Bedrooms | $400K | $413.6K | +3.4% |
| 44 Bedrooms | $640.5K | $623.7K | -2.6% |
| 55+ Bedrooms | $678K | $690.1K | +1.8% |
Summary: Wake Forest housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +2.4%. The home price for 2 bedroom homes increased by +21.4%. The home price for 3 bedroom homes increased by +3.4%. The home price for 4 bedroom homes decreased by -2.6%. The home price for 5 bedroom homes increased by +1.8%.
Housing supply in Wake Forest, NC
How many homes are available in Wake Forest, NC?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 373Last MonthDec 2024 | ||
| 4402 months agoNov 2024 | -15.2 % Change MoMNov – Dec |
Summary: The Wake Forest real estate market had 373 homes for sale in Dec 2024, a 15.2 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 99Last MonthDec 2024 | ||
| 792 months agoNov 2024 | +25.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 2 | +100.0% |
| 22 Bedrooms | 18 | 15 | -16.7% |
| 33 Bedrooms | 161 | 138 | -14.3% |
| 44 Bedrooms | 177 | 148 | -16.4% |
| 55+ Bedrooms | 83 | 70 | -15.7% |
Summary: Wake Forest housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -16.7%. The inventory for 3 bedroom homes decreased by -14.3%. The inventory for 4 bedroom homes decreased by -16.4%. The inventory for 5 bedroom homes decreased by -15.7%.
Asking Price vs. Sold Price
How much do homes in Wake Forest, NC cost?
Over Asking Price14 Homes
At Asking Price36 Homes
Under Asking Price49 Homes
Insight
If you're buying a home in Wake Forest, you may be able to get a good deal. 49.5% of homes here sold below asking price last month.
Summary: A total of 99 homes were sold or pending in Wake Forest in December 2024, up by 25.3% month-over-month. Of the 99 sold homes, 49% were sold under asking, 36% were sold at asking, and and 14% were sold over asking.
Days on Market for Wake Forest, NC
How long does it take to sell a home in Wake Forest, NC?
Breakdown of Home Sale Times
Under 30 Days56 Homes
30 – 90 Days29 Homes
Over 90 Days14 Homes
Insight
Many homes in Wake Forest are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 99 homes were sold in Wake Forest; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 45 DaysThis YearDec 2024 | ||
| 86 Days1 year agoDec 2023 | -47.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Wake Forest had an average listing age of 45 days in Dec 2024, down by 47.9% compared to the previous year.
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Newest Listings in Wake Forest, NC
What homes are available in Wake Forest, NC?
New - 11 hours on Rocket
$4,700 Closing Credit¹
Batey Camp McGraw, Jason Galloway, Listing Office: Dream Finders Realty LLC
New - 12 hours on Rocket
$4,964 Closing Credit¹
Batey Camp McGraw, Jason Galloway, Listing Office: Dream Finders Realty LLC
New - 13 hours on Rocket
$5,225 Closing Credit¹
Donna Kokol, Listing Office: Mark Spain Real Estate
New - 1 day on Rocket
$4,700 Closing Credit¹
Batey Camp McGraw, Jason Galloway, Listing Office: Dream Finders Realty LLC
New - 2 days on Rocket
$4,891 Closing Credit¹
Batey Camp McGraw, Jason Galloway, Listing Office: Dream Finders Realty LLC
New - 3 days on Rocket
$3,384 Closing Credit¹
Samara Presley, Listing Office: Smart Choice Realty Company
New - 3 days on Rocket
$9,084 Closing Credit¹
Beatriz Negrin, Listing Office: Corcoran DeRonja Real Estate
New - 3 days on Rocket
$5,205 Closing Credit¹
Ann Barefoot, Listing Office: Eastwood Construction LLC
New - 3 days on Rocket
$10,000 Closing Credit¹
Christopher Sean Clayton, Listing Office: Navigate Realty
New - 3 days on Rocket
$10,000 Closing Credit¹
Morgan Womble, Listing Office: Compass -- Raleigh
New - 3 days on Rocket3D tour
$8,431 Closing Credit¹
Laurene Sieli, Listing Office: Redfin Corporation
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MLS Disclaimers and Copyright
Based on information from Doorify MLS, and Hive MLS 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: 1/20/2025, 11:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright 2025 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 11:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.