Wendell Falls Real Estate Report Jan 25

Wendell Falls Real Estate Market Performance Key Take Aways:

• The Wendell Falls Subdivision Median sales price was $470K in January 2025.

• The buyer demand for the community cooled compared to January 2024, which is most likely due to seasonal shifts and economic factors.

• Homes are taking on average 37 days to sell.

• Listings at the $300-$499K range had the highest demand, and also received the most buyer showings with an average of about 4 before a contract.

What does this mean for you? 

• Strategic pricing and staging will be key to attract strong offers. This will help you stand out to serious buyers

• If you’re considering selling, proper pricing, strategic marketing, and home preparation will be the difference between sitting on the market and selling quickly.

• Overpricing can lead to missed opportunities, while competitive pricing typically leads to multiple offers and a contract.

• Home Preparation Matters: Staging and professional photography can help buyers envision how they will make your property their home. This in turn will maximize your sale price.

   Thinking About Selling?

  • Real Estate 919’s mission is to help home owners sell faster, easier, for more money by showcasing their property to buyers with professional staging and cinematic video.

  • Visit us at realestate919.com or give us a call at 919-752-5520 to get started.

  

  SELL YOUR RALEIGH - DURHAM PROPERTY FASTER, EASIER, AND FOR MORE MONEY

  Wendell Falls Real Estate Report Jan 25:

  ^{1) Median Sales Price:}

  

• The median sales price had a sharp decline from $582,035 in December 2024 to $470,000 in January 2025-over 19% drop in just one month.

• This decline is likely due to seasonal market shifts, as the winter months typically see reduced buyer activity following the holiday season.

• December saw a strong surge in home values, likely driven by year-end closings and high-value transactions, but the decline in January 2025 reflects a more normalized market as the new year begins.

• The median sales price at this same time last year was $515,000, which is down 8.7% to $470,000.

• This suggests a cooler market compared to January 2024, possibly influenced by shifting economic factors, interest rate sensitivity, or buyer affordability concerns.

_{2) Closed Sales Volume:}

• January 2025 saw only 15 sales, indicating a 25% drop in closed sales compared to December 2024.

• This decline aligns with seasonal market trends, as January typically experiences lower buyer activity following the holiday season.

• January 2025, showed a more balanced distribution, with sales at the $300K-$399K and $400K-$499K price points leading in closed transactions

• This suggests that while higher-priced homes dominated sales in December 2024, buyers in January 2025 were more focused on mid-range homes, possibly due to affordability concerns or shifts in available inventory.

  _{3) Average Days on Market:}

• The average days on market in Wendell Falls increased from 5 days in January 2024 to 37 days in January 2025—a 640% increase.

• This signals a slower-moving market, meaning sellers should expect their home to stay listed for over a month before selling.

• Pricing and presentation are more important than ever. To stand out and attract serious buyers in this market your property must be show-ready. This will allow you to leverage high quality marketing to show case the features and benefits of your property, which will in turn generate maximum exposure.

  _{4) Buyer Demand (showings) by Price Bracket:}

• The $300K-$400K price range is seeing the highest average showings per listing at 3.78, but even this number is low.

• Low showings is another indicator that buyer demand has slowed, and homes are getting fewer in-person visits compared to periods where the market was more active.

• Homes priced above $400K are receiving even fewer showings, with interest dropping significantly as price points increase.

What can you expect from the Market ahead ?

• There is no crystal ball to determine what lies ahead for the Wendell Falls Real estate market, however all indicators for the Raleigh- Durham market signal a positive outlook for property values.

•  Despite economic factors, overall the Wake County Real Estate market is up from 445K in Jan 24 to $470K in Jan 2025, which is 5.6% increase since last year during the same period.

• Wendell Falls remains an attractive community for buyers, especially in the mid-to-high price ranges.

• Seller should expect buyers to continue to be more selective in the home buying process.

• Home Preparation Matters: Staging, professional photography, and strategic marketing will help buyers envision how they will make your property their home. This in turn will maximize your sale price.

Thinking About Selling?

• Real Estate 919 goal is to help 1,000 property owners sell faster, easier, for more money by showcasing their property to buyers with professional staging and cinematic video 

• Visit us at realestate919.com or give us a call at 919-752-5520 to get started