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Wake Forest, NC 27587 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Wake Forest, NC inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.15
ActiveActive listings: 238238PendingPending sales: 3636
Wake Forest, NC: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $439k$439kSoldMedian sold price (last 6 months): $497k$497k
What homes actually sell for in Wake Forest, NC
Distribution of 976 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $367k to $675k
$275k to $391k: 246 sales246sales$275k$391k to $506k: 208 sales$506k to $622k: 170 sales$506k$622k to $738k: 117 sales$738k to $853k: 71 sales$738k$853k to $969k: 34 sales$969k to $1.08M: 17 sales$969k$1.08M to $1.2M: 15 salesMedian $497k

What the numbers say

As of September 14, 2026, Resideline is tracking 238 active listings and 36 pending sales in ZIP code 27587. That pending-to-active ratio of 0.15 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $438,920, while the median of the 976 closed sales Resideline tracked over the last six months was $497,403. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 27587 for 60 days.

Frequently asked questions

What is the median home price in 27587?

The median closed sale price in Wake Forest, NC 27587 was $497,403 over the last six months, based on 976 closed sales tracked by Resideline. The middle half of those sales ranged from $367,000 to $675,000.

Is 27587 a buyer's or seller's market?

Resideline is currently tracking 36 pending sales against 238 active listings in 27587, a pending-to-active ratio of 0.15. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 27587 currently looks like a balanced market.

Nearby ZIP code market data

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