$9,500 Closing Credit*
$799,999
2,594 SqFt
3 Beds
•3 Full Baths, 1 Partial
Carol E Towe, Listing Office: Blue Ridge Dream Properties
Is Morganton, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Morganton was a Seller's Market.
Key Takeaway
Morganton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morganton, GA
How much do homes in Morganton, GA cost?
Median Sold Price
$580,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+8.4%)
Key Takeaway
Homes in Morganton have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Morganton was $580,000 in November 2024, up 8.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $380K | +49.0% |
| 2 Bedrooms | $425.5K | $416.1K | -2.2% |
| 3 Bedrooms | $595K | $590K | -0.8% |
| 4 Bedrooms | $700K | $749.4K | +7.1% |
| 5+ Bedrooms | $627.5K | $800K | +27.5% |
Summary: Morganton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 27.5%.
Housing Supply in Morganton, GA
How many homes are available in Morganton, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 180 | 204 | +13.3% |
Summary: The Morganton real estate market had 204 homes for sale in November 2024, a 13.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 29 | 31 | +6.9% |
| 3 Bedrooms | 78 | 90 | +15.4% |
| 4 Bedrooms | 50 | 60 | +20.0% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Morganton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morganton, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Morganton in November 2024, down by 14.3% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Morganton, GA
How long does it take to sell a home in Morganton, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 55 Days | +25.8% |
Summary: Homes in Morganton had an average of 55 days on market in Nov 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Morganton has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Morganton; 0% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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