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Market Intelligence · NC / Wake County

Wake Forest, NC home prices and housing market

1 ZIP market liveData updated September 2026Typical value$505K1-yr changeDown0.8%

The typical home value in Wake Forest, NC is $505K as of September 2026, down 0.8% from a year ago, based on the Zillow Home Value Index. In the typical Wake Forest ZIP code, the median list price is $550K and homes spend a median of 59 days on market as of September 2026 (Realtor.com).

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The coverage

Wake Forest, by the numbers.

Typical home valueZillow ZHVI, September 2026
$505K
1-yr changeMedian across Wake Forest ZIPs
-0.8%
ZIP markets live2 tracked in Wake Forest
1
County
Wake County

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12-month value trend

-0.8% over 12 months

Typical home value in Wake Forest over the last 12 months: $509K in Sep 2025 to $505K in Sep 2026 (-0.8%).

Sep 2025$509K

Sep 2026$505K

Median Zillow home value index across Wake Forest's ZIP codes.

Context

Wake Forest is a moderately active market with 443 homes for sale as of September 2026. The typical home value stands at $504,797, down 0.8% over the past year. New listings totaled 162 in September, while the median list price was $550,000. Homes are spending a median of 59 days on market, and 27.9% of listings have seen a price cut. For homeowners considering a sale, this suggests a market with steady supply but cooling momentum, where pricing strategy and property condition matter more than they did a year ago.

The numbers

What is the housing market like in Wake Forest, NC?

Typical home value

$505K

Down0.8%YoY

Median list price

$550K

Days on market

59

Homes for sale

443

Price cuts

27.9%

New listings

162

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Wake Forest's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Wake Forest, NC home prices over time

Typical home values in Wake Forest, NC are down 0.8% over the past year, from $509K in September 2025 to $505K in September 2026.

Typical home value in Wake Forest, NC, September of each year
MonthTypical value1-yr change
September 2026$504,797-0.8%
September 2025$508,949No prior year

Typical value is the median Zillow Home Value Index across Wake Forest ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Wake Forest, NC a buyer's or seller's market?

Wake Forest, NC leans toward a buyer's market.

A large share of listings have cut their asking price, which gives buyers more room to negotiate.

Based on a median of 59 days on market and 28% of listings with a price cut in the typical Wake Forest ZIP code, and 162 new listings against 443 active listings across Wake Forest, as of September 2026 (Realtor.com).

The outlook

Wake Forest housing market forecast 2027

-0.4%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Wake Forest ZIP code, points to typical home values holding roughly flat by September 2027 (down 0.4%).

Over the 12 months through September 2026, typical home values in Wake Forest fell 0.8%, per the Zillow Home Value Index.

Will home prices drop in Wake Forest?

Not by much, on the forecasts: a weighted average of Zillow's ZIP forecasts for Wake Forest shows typical home values holding roughly flat by September 2027 (down 0.4%), after a 0.8% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Wake Forest ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Wake Forest?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 2 Wake Forest ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Wake Forest, NC home prices.

How much is a home in Wake Forest worth?

The typical home value in Wake Forest is $504,797 as of September 2026, down 0.8% from the prior year.

How many homes are for sale in Wake Forest?

There are 443 homes for sale in Wake Forest as of September 2026, with 162 new listings that month.

How long do homes take to sell in Wake Forest?

The median time on market is 59 days, and the median list price is $550,000. About 27.9% of listings have had a price cut, indicating negotiation activity in the market.

Are home prices going up or down in Wake Forest, NC?

Typical home values in Wake Forest, NC are down 0.8% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Wake Forest, NC a buyer's or seller's market?

Wake Forest, NC leans toward a buyer's market. A large share of listings have cut their asking price, which gives buyers more room to negotiate. Based on a median of 59 days on market and 28% of listings with a price cut in the typical Wake Forest ZIP code, and 162 new listings against 443 active listings across Wake Forest, as of September 2026 (Realtor.com).

Nearby markets

More North Carolina housing markets.

The market is moving

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