Why Live in Falls Lake
Falls Lake in Wake Forest offers a diverse range of home options within numerous subdivisions such as Stony Hill and Wakefield. Home styles vary from New Traditional and Millennium to classic ranch homes, with prices ranging from mid-$200,000s for townhomes to multimillion-dollar custom estates. Named for its location at the falls of the Neuse River, the area features the Falls Lake State Recreation Area, a 5,000-acre park with over 25 miles of hiking trails, 14 miles of mountain biking trails, and more than 300 campsites. The lake itself, with 12,000 acres of water and 175 miles of shoreline, is ideal for boating, fishing, and swimming. The park also includes a section of the Mountains-to-Sea Trail, a 1,000-mile trail system across North Carolina. Students attend Wake County public schools, including the highly-rated Wakefield High. Falls Lake is conveniently located between Wake Forest and Durham, providing easy access to shopping, dining, and amenities. Local dining options include White Street Brewing and Bodega Tapas, Wine and Rum in downtown Wake Forest. The neighborhood is approximately 20 miles from Raleigh, making it a practical choice for commuters.
Home Trends in Falls Lake, NC
On average, homes in Falls Lake, Wake Forest sell after 47 days on the market compared to the national average of 51 days. The median sale price for homes in Falls Lake, Wake Forest over the last 12 months is $835,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$835,000
Median Single Family Sale Price
$900,000
Median Townhouse Sale Price
$375,000
Median 2 Bedroom Sale Price
$325,000
Median 1 Bedroom Sale Price
$293,675
Average Price Per Sq Ft
$277
Number of Homes for Sale
167
Last 12 months Home Sales
1,112
Median List Price
$900,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
4%