27587 Home Values & Market Trends

There are 229 homes currently listed for 27587. 27587 real estate market trends show that home prices range from $155,000 to $6,200,000, and the median sales price in the 27587 zip code is $493,283.78. The total number of properties sold within the past twelve months is 1,533. In 27587, 12 properties are in foreclosure, 1 are bank owned properties,and 4 are headed for auction.

Housing Market Summary for 27587

Apr 2023March 2024Change
Median Listing Price$570K$511.9K-10.19%
Median Sold Price$490.2K$511.9K4.41%
Homes For Sale14018935.00%
Homes Sold616515-16.40%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 27587

The median list price of a home in Wake Forest, is $493,283.78. A total of 229 properties are for sale, and the percentage of properties for sale in the zip code is 229.00%. The total count of 27587 properties is 27,806.

Foreclosure
There is 1 cities within 27587; within this cities, the median estimated home value for homes in foreclosure ranges from $659,486 in wake forest to the lowest value of $282,571 in wake forest. Foreclosure homes account for 0.00% of properties in 27587 with wake forest containing 12 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.03% of all residential properties in 27587 with wake forest containing 7 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 27587; of that cities, the estimated home value for pre-foreclosure homes ranges from $645,844 in wake forest to the lowest home value of $282,571 in wake forest.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 27587 ranges from the highest value of $408,991 in wake forest to the lowest value of $408,991 in wake forest. Bank owned homes and properties account for 0.00% of properties in 27587. There is 1 cities within 27587; wake forest containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    wake forest has 4 auction properties, the highest number of properties going to auction in a single city in the state of 27587. Auction homes and other auction properties account for 0.01% of all properties in 27587. There is 1 cities within 27587; of that cities, the median estimated home value for homes going to auction ranges from $659,486 in wake forest to the lowest value of $502,936 in wake forest.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.82% of residential properties in 27587 with wake forest containing 229 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 27587; homes for sale in that cities, have a range of median values from $4,075,450 in wake forest to the lowest value of $137,205 in wake forest.
    Sold Homes
    The median value for recently sold homes ranges from $3,972,766 in wake forest to the lowest price of $68,487 in wake forest. There is 1 cities within 27587. wake forest has 675 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.43% of properties in 27587.

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      Guide for 27587

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Asheville, North Carolina Real Estate Market Snapshot – April 2024
      Buy to Rent
      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Asheville, North Carolina Real Estate Market Snapshot – April 2024
      Buy to Rent|posted 17 April 2024

      A look at the Asheville’s real estate market trends from May 2023 to March 2024, highlighting key trends and dynamics in home values, sale prices, and supply.

      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent|posted 12 March 2024

      In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.

      Recently Listed Homes 27587

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