Neighborhood report · August 2026

Millrace

Wake Forest, Wake County, NC

Median sale price · 12 mo
$900K−3.2%
89 days+10%
Days on market
99.1%+3.6%
Sale-to-list
50%−50%
Price cuts
Neighborhood snapshot
Homes sold · 12 mo4
Active listings3
Median sale price$900K
Latest saleMay 2026

Doorify MLS · live, trailing 12 months.

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Top agent for Wake Forest
30
sold in Wake Forest
93%
sold / list
63
avg days on mkt

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Recent sales in Millrace

Trailing 12 months
AddressTypeBd/BaSqftPrice$/sqftDOMStatus
5228 Mill Dam Road
Wake Forest 27587
SFH3/43,045$1.00M$3282ClosedSee more →

Showing 1 of 1 listing in Millrace · last 3 months. Click any row for full details.

Market health

Millrace · trended 12 months

This neighborhood specifically, not the wider ZIP or city.

Median sale price
$900K▼ 3%

Down 3% over the past year.

Days on market
89 days▲ 10%

Taking 10% longer to sell than a year ago.

List-to-sale ratio
99.1%▲ 4%

Closing nearer asking than a year ago.

Listings w/ price cut
50%▼ 50%

Fewer price cuts than a year ago.

Months of inventory
9.1months
Buyer’s market
Seller’sBalancedBuyer’s

Ample inventory; buyers have room to negotiate. Absorption rate 11% / mo · This neighborhood.

Best month to list

When homes here sell fastest, for the most.

J
F
M
A
M
J
J
A
S
O
N
D

Listings peak in April — the widest selection of the year here.

What sells here (bed/bath)
  • 4 bd75%
  • 3 bd25%
New construction vs. resale
100%
New constructionResale
Sale price spread
  • $600–800K25%
  • $800K–1M25%
  • $1M +50%

Market and sales data from Doorify MLS, trailing 12 months. The matched agent’s identity is released only after a signed referral agreement.