WAKE FOREST AND ROLESVILLE AREA HOUSING MARKET DATA

There was an increase in total units sold in April, with 162 sold this month in Wake Forest and Rolesville Area Real Estate versus 137 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 12% versus April 2024.

Versus last year, the total number of homes available this month is higher by 93 units or 28%. The total number of active inventory this April was 431 compared to 338 in April 2024. This month's total of 431 is higher than the previous month's total supply of available inventory of 409, an increase of 5%.

Last April, the median sale price for Wake Forest and Rolesville Area Homes was $504,390. This April, the median sale price was $477,872, a decrease of 5% or $26,518 compared to last year. The current median sold price is 6% higher than in March.

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

In April, there was 2.7 months of supply available in Wake Forest and Rolesville Area, compared to 1.8 in April 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.

This month there were 214 homes newly listed for sale in Wake Forest and Rolesville Area compared to 210 in April 2024, an increase of 2%. There were 162 current contracts pending sale this April compared to 165 a year ago. The number of current contracts is 2% lower than last April.

In April, the average sale price in Wake Forest and Rolesville Area was 99.1% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 53, higher than the average last year, which was 40, an increase of 33%.





FOCUS ON: WAKE FOREST AND ROLESVILLE AREA HOUSING MARKET			APRIL 2025

Zip Code(s): 27587 and 27571
Units Sold 162	Active Inventory 431	Median Sale Price $477,872	Days On Market 53

Down -12% Vs. Year Ago	Up 28% Vs. Year Ago	Down -5% Vs. Year Ago	Up 32% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 162 sold this month in Wake Forest and Rolesville Area Real Estate versus 137 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 12% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 93 units or 28%. The total number of active inventory this April was 431 compared to 338 in April 2024. This month's total of 431 is higher than the previous month's total supply of available inventory of 409, an increase of 5%.
		Median Sale Price Last April, the median sale price for Wake Forest and Rolesville Area Homes was $504,390. This April, the median sale price was $477,872, a decrease of 5% or $26,518 compared to last year. The current median sold price is 6% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 214	Current Contracts 162	Sold Vs. List Price 99.1%	Months of Supply 2.7

Up 2% Vs. Year Ago	Down -2% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 45% Vs. Year Ago


		Months of Supply In April, there was 2.7 months of supply available in Wake Forest and Rolesville Area, compared to 1.8 in April 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.
New Listings & Current Contracts This month there were 214 homes newly listed for sale in Wake Forest and Rolesville Area compared to 210 in April 2024, an increase of 2%. There were 162 current contracts pending sale this April compared to 165 a year ago. The number of current contracts is 2% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Wake Forest and Rolesville Area was 99.1% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 53, higher than the average last year, which was 40, an increase of 33%.


	Wake Forest and Rolesville Area are defined as properties listed in zip code/s 27587 and 27571.
	*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.