Market Intelligence · NC / Wake Forest

Wake Forest, NC 27587 Housing Market

A typical home in Wake Forest, NC 27587 is worth $514,232, down 1.1% over the past year. The median list price stands at $550,000, with homes staying on the market for a median of 59 days.

Updated August 2026Median value$508K

The median home value in Wake Forest, NC 27587 is $508K as of August 2026, down 0.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 27587 range

$468K to $549K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.8% over 12 months

Typical home value in 27587 over the last 12 months: $512K in Aug 2025 to $508K in Aug 2026 (-0.8%).

Aug 2025$512K

Aug 2026$508K

The numbers

What is the 27587 housing market like?

Typical home value

$508K

Down0.8%YoY

Median list price

$550K

Up0.3%MoM

Days on market

59

Up7.3%MoM

Homes for sale

443

Down2.2%MoM

Price cuts

25.7%

Down11.1%MoM

New listings

156

Down19.6%MoM

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

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The comparison

How do 27587 home prices compare?

  • 27587$508,282
  • Wake Forest$508,282
  • North Carolina$287,619
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Wake Forest: 1 ZIPs; North Carolina: 718 ZIPs; United States: 26,265 ZIPs).

Context

Wake Forest's housing market shows mixed signals. There are 443 homes for sale, with 156 new listings as of the latest snapshot. However, 25.7% of listings have taken a price cut, suggesting sellers are adjusting to market conditions. The year-over-year decline in typical home value reflects softer buyer demand. If you're thinking about selling, expect a deliberate sales process and be prepared to price competitively.

Monthly payment

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20% · $101,656

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