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Friday, April 26, 2024

Wake Forest home prices rise in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Wake Forest rose by $22,500 while total sales increased by 19100%, according to BlockShopper.com.

From January through June of 2019, there were 576 homes sold, with a median sale price of $300,000 - a 8.1% increase over the $277,500 median sale price for the same period of the previous year. There were three homes sold in Wake Forest in the first half of 2018.

The median sales tax in Wake Forest for the most recent year with available data, 2016, was $2,515, approximately 0.8% of the median home sale price for the first half of 2019.

The following table compares Wake Forest to other Wake County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Medfield Estates10-$333,000$0-
Apex494149300%$330,000$200,00065%
Timberlake40-$321,250$0-
Holly Springs391139000%$311,000$199,00056.3%
Morrisville130112900%$305,000$200,00052.5%
Wake Forest576319100%$300,000$277,5008.1%
Barclay Downs80-$296,750$0-
Rolesville570-$292,700$0-
Oxxford Hunt30-$290,000$0-
New Hill20-$282,000$0-
Angier50-$275,000$0-

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