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| MARCH 2025 | |||
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| Units Sold 1,270 |
Active Inventory 3,319 |
Median Sale Price $475,000 |
Days On Market 54 |
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| Down -7% Vs. Year Ago |
Up 44% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -27% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 1,270 sold this month in Wake County Real Estate versus 1,033 last month, an increase of 23%. This month's total units sold was lower than at this time last year, a decrease of 7% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 1,021 units or 44%. The total number of active inventory this March was 3,319 compared to 2,298 in March 2024. This month's total of 3,319 is higher than the previous month's total supply of available inventory of 3,112, an increase of 7%. |
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Median Sale Price
Last March, the median sale price for Wake County Homes was $480,200. This March, the median sale price was $475,000, a decrease of 1% or $5,200 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. |
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| New Listings 2,141 |
Current Contracts 1,671 |
Sold Vs. List Price 99.0% |
Months of Supply 2.6 |
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| Up 18% Vs. Year Ago |
Up 5% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
Up 54% Vs. Year Ago |
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Months of Supply
In March, there was 2.6 months of supply available in Wake County, compared to 1.7 in March 2024. That is an increase of 55% 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 2,141 homes newly listed for sale in Wake County compared to 1,816 in March 2024, an increase of 18%. There were 1,671 current contracts pending sale this March compared to 1,595 a year ago. The number of current contracts is 5% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Wake County was 99.0% of the average list price, which is 0.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 54, lower than the average last year, which was 74, a decrease of 27%. | |||
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Wake County are defined as properties listed in zip code/s . | ||
| *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. |
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