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House & Home

Average Wake County home sale price tops $300K

Posted July 17

The hot Triangle real estate market continued in June, with the average sale price of a home in Wake County topping $300,000, according to the Triangle MLS Local Market Update.

For the 2,371 home sales that closed in the county in June, the median sale price was just under $300,000. Half of all homes sold were prices at less than $294,950, and half of all homes sold cost more than that. The average was $338.478.

According to the MLS, homes in Wake County were selling for 99.7 percent of their list price in June, and the average sale price was up 7.9 percent from June 2016. So far this year, the median price of a home in Wake County has risen 9.1 percent and the average by 8.5 percent.

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5 Comments

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  • Andrew Stephenson Jul 18, 7:29 a.m.
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    Well, the average city employee makes $49,386, so it wouldn't be a huge house, it it can certainly be done.

    I imagine if you move into a more rural area of Wake County like I did initially, you can qualify for a USDA Guaranteed Loan. 0% down, very low PMI (lower than an FHA).

  • Victor Cruz-Saez Jul 18, 12:02 a.m.
    user avatar

    I wonder if the average city employee can afford to buy a home in Wake Co.

  • Steve Faulkner Jul 17, 6:00 p.m.
    user avatar

    And a bunch will be foreclosed on when the stock market corrects again.

  • Andrew Stephenson Jul 17, 4:54 p.m.
    user avatar

    View quoted thread


    Prices may be high, but taxes are certainly not. Go up north and you'd be paying significantly more. My mother, in western NY, pays 3x as much in taxes for her 800sq/ft house on a quarter lot than I do for a 4k sq/ft house on a lot slightly larger.

  • Jeffrey Derry Jul 17, 4:29 p.m.
    user avatar

    Over priced over taxed over rated