Is Morehead Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Morehead Township has remained a Seller's Market.
Housing Prices in Morehead Township, NC
How much do homes in Morehead Township, NC cost?
Median Sold Price
$294,774
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Morehead Township was $294,774 in May 2024, up 8.9% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $144.7K | -0.2% |
2 Bedrooms | $171.3K | $192.4K | +12.3% |
3 Bedrooms | $260K | $285K | +9.6% |
4 Bedrooms | $405K | $430K | +6.2% |
5+ Bedrooms | $605K | $625K | +3.3% |
Summary: Morehead Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Morehead Township | $270.6K | $294.7K | +8.9% |
Greensboro | $265K | $279.8K | +5.6% |
Friendship Township | $279.9K | $290K | +3.6% |
Bruce Township | $563K | $580K | +3.0% |
Deep River Township | $399.9K | $383.5K | -4.1% |
Housing Supply in Morehead Township, NC
How many homes are available in Morehead Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
675 | 689 | +2.1% |
Summary: The Morehead Township real estate market had 689 homes for sale in May 2024, a 2.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 139 | 129 | -7.2% |
3 Bedrooms | 320 | 338 | +5.6% |
4 Bedrooms | 152 | 160 | +5.3% |
5+ Bedrooms | 58 | 54 | -6.9% |
Summary: The Morehead Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 6.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
218 | 198 | -9.2% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Summary: A total of 198 homes were sold or pending in Morehead Township in May 2024, down by 9.2% month-over-month. Of the 198 sold homes, 48% were sold under asking, 19% were sold at asking, and 33% were sold over asking.
Days on Market for Morehead Township, NC
How long does it take to sell a home in Morehead Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 23 Days | +95.5% |
Summary: Homes in Morehead Township had an average of 23 days on market in May 2024, up by 95.5% compared to last year.
Breakdown of Home Sale Times
148 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 198 homes were sold in Morehead Township; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.