KNIGHTDALE, ZEBULON, AND WENDELL AREA HOUSING MARKET DATA

There was an increase in total units sold in October, with 200 sold this month in Knightdale, Zebulon, and Wendell Area Real Estate versus 151 last month, an increase of 32%. This month's total units sold was higher than at this time last year, an increase of 34% versus October 2023.

Versus last year, the total number of homes available this month is higher by 4 units or 1%. The total number of active inventory this October was 490 compared to 486 in October 2023. This month's total of 490 is lower than the previous month's total supply of available inventory of 493, a decrease of 1%.

Last October, the median sale price for Knightdale, Zebulon, and Wendell Area Homes was $379,900. This October, the median sale price was $380,000, which is similar compared to a year ago. The current median sold price is 1% higher than in September.

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

In October, there was 2.5 months of supply available in Knightdale, Zebulon, and Wendell Area, compared to 3.3 in October 2023. That is a decrease of 25% 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 229 homes newly listed for sale in Knightdale, Zebulon, and Wendell Area compared to 194 in October 2023, an increase of 18%. There were 197 current contracts pending sale this October compared to 155 a year ago. The number of current contracts is 27% higher than last October.

In October, the average sale price in Knightdale, Zebulon, and Wendell Area was 99.0% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 51, lower than the average last year, which was 112, a decrease of 54%.





FOCUS ON: KNIGHTDALE, ZEBULON, AND WENDELL AREA HOUSING MARKET			OCTOBER 2024

Zip Code(s): 27545, 27597 and 27591
Units Sold 200	Active Inventory 490	Median Sale Price $380,000	Days On Market 51

Up 34% Vs. Year Ago	Up 1% Vs. Year Ago	No Change Vs. Year Ago	Down -54% Vs. Year Ago


		Units Sold There was an increase in total units sold in October, with 200 sold this month in Knightdale, Zebulon, and Wendell Area Real Estate versus 151 last month, an increase of 32%. This month's total units sold was higher than at this time last year, an increase of 34% versus October 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 4 units or 1%. The total number of active inventory this October was 490 compared to 486 in October 2023. This month's total of 490 is lower than the previous month's total supply of available inventory of 493, a decrease of 1%.
		Median Sale Price Last October, the median sale price for Knightdale, Zebulon, and Wendell Area Homes was $379,900. This October, the median sale price was $380,000, which is similar compared to a year ago. The current median sold price is 1% higher than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 229	Current Contracts 197	Sold Vs. List Price 99.0%	Months of Supply 2.5

Up 18% Vs. Year Ago	Up 27% Vs. Year Ago	Down -0.7% Vs. Year Ago	Down -25% Vs. Year Ago


		Months of Supply In October, there was 2.5 months of supply available in Knightdale, Zebulon, and Wendell Area, compared to 3.3 in October 2023. That is a decrease of 25% 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 229 homes newly listed for sale in Knightdale, Zebulon, and Wendell Area compared to 194 in October 2023, an increase of 18%. There were 197 current contracts pending sale this October compared to 155 a year ago. The number of current contracts is 27% higher than last October.
		Sale Price to List Price Ratio In October, the average sale price in Knightdale, Zebulon, and Wendell Area was 99.0% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 51, lower than the average last year, which was 112, a decrease of 54%.


	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.