WAKE FOREST AND ROLESVILLE AREA HOUSING MARKET DATA

There was a decrease in total units sold in August, with 158 sold this month in Wake Forest and Rolesville Area Real Estate, a decrease of 16%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is higher by 137 units or 35%. The total number of active inventory this August was 533 compared to 396 in August 2024. This month's total of 533 is lower than the previous month's total supply of available inventory of 544, a decrease of 2%.

Last August, the median sale price for Wake Forest and Rolesville Area Homes was $474,930. This August, the median sale price was $495,000, an increase of 4% or $20,070 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.

In August, there was 3.4 months of supply available in Wake Forest and Rolesville Area, compared to 2.5 in August 2024. That is an increase of 35% 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 205 homes newly listed for sale in Wake Forest and Rolesville Area compared to 184 in August 2024, an increase of 11%. There were 171 current contracts pending sale this August compared to 145 a year ago. The number of current contracts is 18% higher than last August.

In August, the average sale price in Wake Forest and Rolesville Area was 99.4% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 57, higher than the average last year, which was 41, an increase of 39%.





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

Zip Code(s): 27587 and 27571
Units Sold 158	Active Inventory 533	Median Sale Price $495,000	Days On Market 57

No Change Vs. Year Ago	Up 35% Vs. Year Ago	Up 4% Vs. Year Ago	Up 39% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 158 sold this month in Wake Forest and Rolesville Area Real Estate, a decrease of 16%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is higher by 137 units or 35%. The total number of active inventory this August was 533 compared to 396 in August 2024. This month's total of 533 is lower than the previous month's total supply of available inventory of 544, a decrease of 2%.
		Median Sale Price Last August, the median sale price for Wake Forest and Rolesville Area Homes was $474,930. This August, the median sale price was $495,000, an increase of 4% or $20,070 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.



New Listings 205	Current Contracts 171	Sold Vs. List Price 99.4%	Months of Supply 3.4

Up 11% Vs. Year Ago	Up 18% Vs. Year Ago	No Change Vs. Year Ago	Up 34% Vs. Year Ago


		Months of Supply In August, there was 3.4 months of supply available in Wake Forest and Rolesville Area, compared to 2.5 in August 2024. That is an increase of 35% 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 205 homes newly listed for sale in Wake Forest and Rolesville Area compared to 184 in August 2024, an increase of 11%. There were 171 current contracts pending sale this August compared to 145 a year ago. The number of current contracts is 18% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Wake Forest and Rolesville Area was 99.4% 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 41, an increase of 39%.


	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.