Wake County, NC Home Values & Market Trends
The median home price in Wake County, NC is $450,228.31. There were 15,196 home sales in Wake County, NC over the past 12 months. The median residential Wake County, NC home value for transactions over the previous year is $439,923.369. The number of current listings in Wake County, NC is 2,041, and the percentage of properties for sale is 2041.00%. The county has 196 foreclosures, 4 bank owned properties, 38 headed for auction, and 2,041 properties for sale.
Wake County, NC Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Raleigh | $ 432,967 $ 227/sqft | Wendell | $ 367,539 $ 205/sqft |
| Cary | $ 631,635 $ 252/sqft | Zebulon | $ 380,000 $ 181/sqft |
| Wake Forest | $ 507,988 $ 211/sqft | Knightdale | $ 397,286 $ 195/sqft |
| Fuquay Varina | $ 420,767 $ 212/sqft | Morrisville | $ 475,000 $ 233/sqft |
| Apex | $ 598,731 $ 241/sqft | Willow Spring | $ 412,997 $ 194/sqft |
| Holly Springs | $ 626,966 $ 217/sqft | Rolesville | $ 470,212 $ 183/sqft |
| Garner | $ 378,358 $ 190/sqft | New Hill | $ 673,750 $ 222/sqft |
Housing Market Summary for Wake County, NC
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $489.8K | $446.6K | -8.82% |
| Median Sold Price | $444K | $446.6K | 0.59% |
| Homes For Sale | 1,372 | 1,616 | 17.78% |
| Homes Sold | 7,512 | 6,184 | -17.68% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Wake County, NC
Browse Homes in Wake County, NC
Wake County, NC home values range from $21,516 to $69,377,071. Holly Springs is the priciest city with a median listing home price of $689,900, and Wendell is most affordable with average house prices of around $375,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.04% of all residential properties in Wake County, NC with Raleigh containing 83 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 14 cities within Wake County, NC; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,350,000 in New Hill to the lowest home value of $176,707 in Garner.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Wake County, NC ranges from the highest value of $869,476 in Wake Forest to the lowest value of $265,200 in Raleigh. Bank owned homes and properties account for 0.00% of properties in Wake County, NC. There are 14 cities within Wake County, NC; Raleigh containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsRaleigh has 20 auction properties, the highest number of properties going to auction in a single city in the state of Wake County, NC. Auction homes and other auction properties account for 0.01% of all properties in Wake County, NC. There are 14 cities within Wake County, NC; of those cities, the median estimated home value for homes going to auction ranges from $666,966 in Holly Springs to the lowest value of $144,443 in Holly Springs.
Compare Nearby Cities
More Real Estate Resources for Wake County, NC
Guide for Wake County, NC
North Carolina Foreclosure Laws
Raleigh’s real estate market in 2023 displays robust growth with increased average property values and sold prices. However, contrasting trends in neighboring cities such as Zebulon, Youngsville, Wilson, and Yanceyville underline the need for thorough market understanding for real estate investments.
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.
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.
