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FOCUS ON: KNIGHTDALE, ZEBULON, AND WENDELL AREA HOUSING MARKET |
AUGUST 2025 |
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Zip Code(s): 27545, 27597 and 27591 |
Units Sold
185 |
Active Inventory
672 |
Median Sale Price
$377,000 |
Days On Market
57 |
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Down -11%
Vs. Year Ago |
Up 29%
Vs. Year Ago |
Down -1%
Vs. Year Ago |
Up 16%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 185 sold this month in Knightdale, Zebulon, and Wendell Area Real Estate versus 238 last month, a decrease of 22%. This month's total units sold was lower than at this time last year, a decrease of 11% versus August 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 151 units or 29%. The total number of active inventory this August was 672 compared to 521 in August 2024. This month's total of 672 is lower than the previous month's total supply of available inventory of 684, a decrease of 2%.
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Median Sale Price
Last August, the median sale price for Knightdale, Zebulon, and Wendell Area Homes was $380,000. This August, the median sale price was $377,000, a decrease of 1% or $3,000 compared to last year. The current median sold price is 2% higher than in July.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
243 |
Current Contracts
210 |
Sold Vs. List Price
99.0% |
Months of Supply
3.6 |
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Down -5%
Vs. Year Ago |
Up 22%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 46%
Vs. Year Ago |
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Months of Supply
In August, there was 3.6 months of supply available in Knightdale, Zebulon, and Wendell Area, compared to 2.5 in August 2024. That is an increase of 46% 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.
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New Listings & Current Contracts
This month there were 243 homes newly listed for sale in Knightdale, Zebulon, and Wendell Area compared to 255 in August 2024, a decrease of 5%. There were 210 current contracts pending sale this August compared to 172 a year ago. The number of current contracts is 22% higher than last August.
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Sale Price to List Price Ratio
In August, the average sale price in Knightdale, Zebulon, and Wendell Area was 99.0% 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 57, higher than the average last year, which was 49, an increase of 16%.
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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. |