Real Estate Market Update for Wake Forest, NC
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 16% from one year earlier, and down 5% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 420-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 59%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 330-thousand dollars. The number of units sold increased 5% year-over-year, and increased 55% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Wake Forest, NC

Area Information for Wake Forest, NC
  • Population: 37,843
  • Median Age: 37.01 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 2,274/sq mi
  • Population Change Since 2000: 152.37%
  • Closest Airport: Raleigh-durham International
  • Closest College: Southeastern Bapt Theological Seminary
  • Closest Jr. College: Vance Granville Cmty College-franklin Co
  • Median Household Income: $74,964
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $340,000
  • Closest Major Sports Team: Carolina Hurricanes
  • Change Avg. Household Income Since 2000: 40.26%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Wake Forest, NC
Median Age: 37.01 Married: 46% Number of Households: 13,320 Households with Children: 5,821
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Wake Forest, NC

      School Name Distance Type Grades School Rating Parent Rating
      Franklin Academy 0.6 mi Public K-12 5 0
      St. Catherine Of Siena Catholic School 0.7 mi Catholic K-8 0 0
      Wake Forest Elementary 0.8 mi Public PRESCHOOL-5 3 0
      Thales Academy Of Wake Forest 0.9 mi Private K-5 0 0
      Wake Forest Middle School 1.0 mi Public 6-8 3 0
      Heritage Middle 1.1 mi Public 6-8 5 0
      Heritage Elementary 1.2 mi Public PRESCHOOL-5 5 0
      Wake Forest Charter Academy 1.2 mi Public K-8 5 0
      Wake Forest-rolesville High School 1.3 mi Public 9-12 3 4
      North Wake College And Career Academy 1.6 mi Public 9-12 0 0
      Heritage High School 2.0 mi Public 9-12 4 4
      Envision Science Academy 2.2 mi Public K-8 5 0
      Richland Creek Elementary School 2.6 mi Public K-5 3 0
      Jones Dairy Elementary 2.8 mi Public K-5 5 0
      Endeavor Charter School 3.3 mi Public K-8 5 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Wake Forest, NC
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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