KNIGHTDALE, ZEBULON, AND WENDELL AREA HOUSING MARKET DATA

There was an increase in total units sold in March, with 179 sold this month in Knightdale, Zebulon, and Wendell Area Real Estate versus 157 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 13% versus March 2024.

Versus last year, the total number of homes available this month is higher by 132 units or 33%. The total number of active inventory this March was 534 compared to 402 in March 2024. This month's total of 534 is higher than the previous month's total supply of available inventory of 516, an increase of 3%.

Last March, the median sale price for Knightdale, Zebulon, and Wendell Area Homes was $392,325. This March, the median sale price was $383,500, a decrease of 2% or $8,825 compared to last year. The current median sold price is 4% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 3.0 months of supply available in Knightdale, Zebulon, and Wendell Area, compared to 2.0 in March 2024. That is an increase of 53% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 271 homes newly listed for sale in Knightdale, Zebulon, and Wendell Area compared to 219 in March 2024, an increase of 24%. There were 220 current contracts pending sale this March compared to 198 a year ago. The number of current contracts is 11% higher than last March.

In March, the average sale price in Knightdale, Zebulon, and Wendell Area was 99.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 79, lower than the average last year, which was 95, a decrease of 17%.





FOCUS ON: KNIGHTDALE, ZEBULON, AND WENDELL AREA HOUSING MARKET			MARCH 2025

Zip Code(s): 27545, 27597 and 27591
Units Sold 179	Active Inventory 534	Median Sale Price $383,500	Days On Market 79

Down -13% Vs. Year Ago	Up 33% Vs. Year Ago	Down -2% Vs. Year Ago	Down -17% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 179 sold this month in Knightdale, Zebulon, and Wendell Area Real Estate versus 157 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 13% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 132 units or 33%. The total number of active inventory this March was 534 compared to 402 in March 2024. This month's total of 534 is higher than the previous month's total supply of available inventory of 516, an increase of 3%.
		Median Sale Price Last March, the median sale price for Knightdale, Zebulon, and Wendell Area Homes was $392,325. This March, the median sale price was $383,500, a decrease of 2% or $8,825 compared to last year. The current median sold price is 4% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 271	Current Contracts 220	Sold Vs. List Price 99.3%	Months of Supply 3.0

Up 24% Vs. Year Ago	Up 11% Vs. Year Ago	No Change Vs. Year Ago	Up 53% Vs. Year Ago


		Months of Supply In March, there was 3.0 months of supply available in Knightdale, Zebulon, and Wendell Area, compared to 2.0 in March 2024. That is an increase of 53% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 271 homes newly listed for sale in Knightdale, Zebulon, and Wendell Area compared to 219 in March 2024, an increase of 24%. There were 220 current contracts pending sale this March compared to 198 a year ago. The number of current contracts is 11% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Knightdale, Zebulon, and Wendell Area was 99.3% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 79, lower than the average last year, which was 95, a decrease of 17%.


	Knightdale, Zebulon, and Wendell Area are defined as properties listed in zip code/s 27545, 27597 and 27591.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc.