The median sale price of a home sold in the fourth quarter of 2024 in Wake County fell by $65,500, while total sales increased by 25.8%, according to BlockShopper.com.
From October through December of 2024, 3,944 homes were sold in the county, with sale prices around $320,000. This is a 17% decrease from the $385,500 median sale price during the same period in 2023, when there were 3,136 homes sold.
Based on the latest available data from 2019, the median sales tax on homes in Wake County was $2,581, which equates to 0.8% of the median home sale price for the fourth quarter of 2024.
The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in Wake County from October 2023 to December 2024.
