Photo: Rysnap1024 · CC BY-SA 4.0914 homes sold in Wake Forest in the last year, at a typical $475K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Wake Forest homes are listed.
Every place Wake Forest homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Wake Forest.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
5% of Wake Forest’s sales are condos, at $183K less than a house
673 houses and 43 condos sold in the year to May 2026. Houses sell faster.
typical sale · 673 sold in 12 months
- Per square foot
- $205NC $207
- Days to sell
- 41
- Sold over asking
- 15%
- Listings with a price cut
- 32%
typical sale · 43 sold in 12 months
- Per square foot
- $194NC $275
- Days to sell
- 110
- Sold over asking
- 19%
- Listings with a price cut
- 46%
Multi-family (2–4 units): 1 sold, typical $340K
Townhouses: 197 sold, typical $357K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 1.6 times the 2016 price
914 sales in the last year, against 1,481 in 2019 and a low of 824 in 2012. The typical sale went from $295K in 2016 to $475K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Wake Forest
Check a listing against what Wake Forest homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Wake Forest are rarer than before the pandemic, but a third fewer homes come up for sale
We read every month of Wake Forest’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 914 sales.
If you’re buying in Wake Forest
- Shop in February. It brings about 114 new listings a month, close to the busiest month, with fewer bidding wars (25% over asking).
- You can negotiate. 35% of listings have cut their price, against 21% before the pandemic.
- Bid near asking. Buyers paid 98.7% of the list price on average; 13% paid over.
- You’ll usually have time. Only 29% of homes go under contract within two weeks; the typical one takes 48 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 139 a month), but June is the most competitive: 35% of June sales close over asking. February and March offer nearly as much choice with fewer homes bid up (25%). February has the least competition (25%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like North Carolina as a whole
| Wake Forest now | 2017–19 | 2021 peak | NC now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 13% | 23% | 60% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 29% | 26% | 58% | 30% |
| Listings with a price cutShare of homes for sale that cut their price | 35% | 21% | 4% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 98.7% | 99.2% | 103.4% | 97.8% |
| Days to sellMedian days from listing to contract | 48 | 72 | 36 | 62 |
268 homes for sale on a typical day
That’s 1.4 times the 2022 low (192), 34% fewer than in 2017–19 and well under 2012’s 432.
1 in 3 listings has cut its price
35% in the last year, against 21% in 2017–19 and 27% across North Carolina. More sellers are pricing high and coming down.
Since 2019, houses are up 57%, condos 36%
A house typically sold for $535K in the last year (673 sales), a condo for $352K (43).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Wake Forest ranks 140th of 224 busy North Carolina markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Wake Forest is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Wake Forest home costs about $2,800 a month
Price: Wake Forest’s typical sale, last 12 months. Property tax at Wake Forest’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Wake Forest is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 65.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $475K home, about $3,860 a year.
Taxes vs. neighborsSchools
The schools grade for Wake Forest, from test results, graduation and how much students grow.
Schools in Wake ForestTypical commute
The average one-way trip to work for people who live in Wake Forest.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Youngsville, Franklinton, Knightdale and Zebulon sell for less a square foot
The busier markets within 25 miles of Wake Forest, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Raleigh | 5,301 | $433K | $230 | 16% | 43 |
| Wake Forest | 914 | $475K | $198 | 13% | 48 |
| Knightdale | 497 | $407K | $182 | 9% | 68 |
| Rolesville | 487 | $436K | $195 | 9% | 67 |
| Zebulon | 205 | $315K | $169 | 18% | 59 |
| Franklinton | 66 | $287K | $189 | 12% | 56 |
| Youngsville | 52 | $433K | $189 | 8% | 83 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Wake Forest, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Wake Forest. People who follow the town see it, and so do people comparing Wake Forest with their own town. No commission, no listing fee.
Questions about buying a home in Wake Forest
What do homes sell for in Wake Forest, NC?
914 homes sold in the year to May 2026 at a typical $475K, $198 a square foot. Houses sold for about $535K, condos for about $352K.
Is Wake Forest a buyer’s or seller’s market?
A seller’s market: 303 homes were for sale in May 2026 and 84 sold, about 3.6 months of supply. Buyers paid 98.7% of asking on average, and 35% of listings cut their price.
When is the best time to buy in Wake Forest?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Wake Forest?
About 0.8% of a home’s value a year. On a $475K home that’s near $3,860.
Where can I see homes for sale in Wake Forest?
Zillow, Redfin, Realtor.com and Homes.com all carry Wake Forest’s MLS listings; the search links above open each one filtered to Wake Forest.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).