Knightdale, Zebulon, and Wendell Area Housing Market Data

There was a decrease in total units sold in December, with 121 sold this month in Knightdale, Zebulon, and Wendell Area . This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is higher by 247 units or 158%. The total number of active inventory this December was 403 compared to 156 in December 2021. This month's total of 403 is lower than the previous month's total supply of available inventory of 428, a decrease of 6%.

Last December, the median sale price for Knightdale, Zebulon, and Wendell Area was $349,950. This December, the median sale price was $393,490, an increase of 12% or $43,540 compared to last year. The current median sold price is 5% higher than in November.

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

In December, there was 3.3 months of supply available in Knightdale, Zebulon, and Wendell Area, compared to 0.8 in December 2021. That is an increase of 314% 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 94 homes newly listed for sale in Knightdale, Zebulon, and Wendell Area compared to 147 in December 2021, a decrease of 36%. There were 85 current contracts pending sale this December compared to 133 a year ago. The number of current contracts is 36% lower than last December.

In December, the average sale price in Knightdale, Zebulon, and Wendell Area was 98.9% of the average list price, which is 3.1% lower than at this time last year.

This month, the average number of days on market was 45, higher than the average last year, which was 13, an increase of 246%.





Focus On: Knightdale, Zebulon, and Wendell Area Housing Market			December 2022

Zip Code(s): 27545, 27597 and 27591
Units Sold 121	Active Inventory 403	Median Sale Price $393,490	Days On Market 45

Down Vs. Year Ago	Up 158% Vs. Year Ago	Up 12% Vs. Year Ago	Up 246% Vs. Year Ago


		Units Sold There was a decrease in total units sold in December, with 121 sold this month in Knightdale, Zebulon, and Wendell Area . This month's total units sold was lower than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 247 units or 158%. The total number of active inventory this December was 403 compared to 156 in December 2021. This month's total of 403 is lower than the previous month's total supply of available inventory of 428, a decrease of 6%.
		Median Sale Price Last December, the median sale price for Knightdale, Zebulon, and Wendell Area was $349,950. This December, the median sale price was $393,490, an increase of 12% or $43,540 compared to last year. The current median sold price is 5% higher than in November. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 94	Current Contracts 85	Sold Vs. List Price 98.9%	Months of Supply 3.3

Down -36% Vs. Year Ago	Down -36% Vs. Year Ago	Down -3% Vs. Year Ago	Up 316% Vs. Year Ago


		Months of Supply In December, there was 3.3 months of supply available in Knightdale, Zebulon, and Wendell Area, compared to 0.8 in December 2021. That is an increase of 314% 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 94 homes newly listed for sale in Knightdale, Zebulon, and Wendell Area compared to 147 in December 2021, a decrease of 36%. There were 85 current contracts pending sale this December compared to 133 a year ago. The number of current contracts is 36% lower than last December.
		Sale Price to List Price Ratio In December, the average sale price in Knightdale, Zebulon, and Wendell Area was 98.9% of the average list price, which is 3.1% lower than at this time last year. Days on Market This month, the average number of days on market was 45, higher than the average last year, which was 13, an increase of 246%.


	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.