The 2023–24 Wake Forest Demon Deacons women's basketball team represented Wake Forest University during the 2023–24 NCAA Division I women's basketball season.

The Demon Deacons were led by second-year head coach Megan Gebbia, and competed as members of the Atlantic Coast Conference and played their home games at the Lawrence Joel Veterans Memorial Coliseum.

The Demon Deacons started the season by winning only two of their first five games and their luck did not improve as they only won one of their next five games.

They lost their first fourteen straight ACC regular season games before defeating Pittsburgh and Georgia Tech for their only two ACC wins of the year.

The Demon Deacons finished the season 7–25 overall and 2–16 in ACC play to finish in a tie for fourteenth place.