Is Morehead Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morehead Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Morehead Township has remained a Seller's Market.

Key Takeaway

Morehead Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Morehead Township, NC

How much do homes in Morehead Township, NC cost?

Median Sold Price

$299,991

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,650(+7.0%)

Key Takeaway

Homes in Morehead Township have sold for 7% more than they did a year ago.

Summary: The median home sold price in Morehead Township was $299,991 in October 2024, up 7% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $161.5K$143.4K
-11.2%
2 $180K$190K
+5.6%
3 $272K$287.9K
+5.9%
4 $413.8K$435.3K
+5.2%
5+ $607.5K$615K
+1.2%

Summary: Morehead Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Cities

Morehead Township
+7.0%
Bruce Township
+4.6%
Greensboro
+4.3%
Friendship Township
-0.7%
Deep River Township
-4.2%

Housing Supply in Morehead Township, NC

How many homes are available in Morehead Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
668710+6.3%

Summary: The Morehead Township real estate market had 710 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 139145
+4.3%
3 317340
+7.3%
4 162170
+4.9%
5+ 4348
+11.6%

Summary: The Morehead Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 11.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
171179+4.7%

Asking Price vs. Sold Price

87 Homes Were Sold
Under Asking

51 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morehead Township, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Summary: A total of 179 homes were sold or pending in Morehead Township in October 2024, up by 4.7% month-over-month. Of the 179 sold homes, 49% were sold under asking, 28% were sold at asking, and 23% 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

Oct 2023Oct 2024CHANGE
21 Days23 Days+6.8%

Summary: Homes in Morehead Township had an average of 23 days on market in Oct 2024, up by 6.8% compared to last year.

Breakdown of Home Sale Times

130 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Morehead Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 179 homes were sold in Morehead Township; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Morehead Township, NC

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