Is Wendell, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wendell has remained a Seller's Market.
Key Takeaway
Wendell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wendell, NC
How much do homes in Wendell, NC cost?
Median Sold Price
$410,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wendell have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Wendell was $410,000 in May 2024, down 1.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160.3K | N/A |
| 2 Bedrooms | $359.3K | $350K | -2.6% |
| 3 Bedrooms | $399.9K | $387.4K | -3.1% |
| 4 Bedrooms | $465K | $438.2K | -5.8% |
| 5+ Bedrooms | $596.5K | $459K | -23.1% |
Summary: Wendell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 23.1%.
Median Sold Price Compared To Nearby Cities
| Marks Creek Township | $403K | $401K | -0.5% |
| Wendell | $418.1K | $410K | -1.9% |
Housing Supply in Wendell, NC
How many homes are available in Wendell, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 254 | 290 | +14.2% |
Summary: The Wendell real estate market had 290 homes for sale in May 2024, a 14.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 123 | 146 | +18.7% |
| 4 Bedrooms | 93 | 107 | +15.1% |
| 5+ Bedrooms | 27 | 25 | -7.4% |
Summary: The Wendell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 61 | +110.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wendell, expect to pay close to the asking price. 50.8% of homes here sold near the asking price last month.
Summary: A total of 61 homes were sold or pending in Wendell in May 2024, up by 110.3% month-over-month. Of the 61 sold homes, 36% were sold under asking, 51% were sold at asking, and 13% were sold over asking.
Days on Market for Wendell, NC
How long does it take to sell a home in Wendell, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 139 Days | 27 Days | -80.4% |
Summary: Homes in Wendell had an average of 27 days on market in May 2024, down by 80.4% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wendell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 61 homes were sold in Wendell; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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