Is Wake Forest Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wake Forest Township has remained a Seller's Market.
Housing Prices in Wake Forest Township, NC
How much do homes in Wake Forest Township, NC cost?
Median Sold Price
$515,117
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wake Forest Township was $515,117 in April 2024, up 4.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $291K | +32.3% |
2 Bedrooms | $325.5K | $350K | +7.5% |
3 Bedrooms | $399.9K | $396.8K | -0.8% |
4 Bedrooms | $579.6K | $596.6K | +2.9% |
5+ Bedrooms | $659.4K | $659.1K | 0% |
Summary: Wake Forest Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Wake Forest Township | $494.2K | $515.1K | +4.2% |
Youngsville Township | $411.4K | $426.9K | +3.8% |
Wake Forest | $533.4K | $543.7K | +1.9% |
Neuse Township | $389.9K | $390.4K | 0.1% |
Rolesville | $550K | $530K | -3.6% |
Housing Supply in Wake Forest Township, NC
How many homes are available in Wake Forest Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
597 | 613 | +2.7% |
Summary: The Wake Forest Township real estate market had 613 homes for sale in April 2024, a 2.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 28 | 23 | -17.9% |
3 Bedrooms | 225 | 222 | -1.3% |
4 Bedrooms | 228 | 253 | +11.0% |
5+ Bedrooms | 116 | 115 | -0.9% |
Summary: The Wake Forest Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 0.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
139 | 172 | +23.7% |
Asking Price vs. Sold Price
74 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 172 homes were sold or pending in Wake Forest Township in April 2024, up by 23.7% month-over-month. Of the 172 sold homes, 43% were sold under asking, 34% were sold at asking, and 23% were sold over asking.
Days on Market for Wake Forest Township, NC
How long does it take to sell a home in Wake Forest Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
104 Days | 34 Days | -66.6% |
Summary: Homes in Wake Forest Township had an average of 34 days on market in Apr 2024, down by 66.6% compared to last year.
Breakdown of Home Sale Times
116 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During April 2024, 172 homes were sold in Wake Forest Township; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.