$9,838 Closing Credit*
$828,500
1,781 SqFt
2 Beds
•3 Full Baths, 1 Partial
#100478362, Listing Office: Coldwell Banker Sea Coast AB
Is Morehead Township, NC 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, Morehead Township was a Seller's Market.
Key Takeaway
Morehead Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morehead Township, NC
How much do homes in Morehead Township, NC cost?
Median Sold Price
$497,843
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,399(+7.2%)
Key Takeaway
Homes in Morehead Township have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Morehead Township was $497,843 in November 2024, up 7.2% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $155K | +6.9% |
| 2 Bedrooms | $393.7K | $420K | +6.7% |
| 3 Bedrooms | $460K | $490.2K | +6.6% |
| 4 Bedrooms | $690K | $775K | +12.3% |
| 5+ Bedrooms | $1.2M | $1.5M | +22.3% |
Summary: Morehead Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Newport Township | $325.4K | $385K | +18.3% |
| Newport | $327.4K | $385K | +17.6% |
| Morehead Township | $464.4K | $497.8K | +7.2% |
| Pine Knoll Shores | $664.2K | $665K | 0.1% |
| Indian Beach | $640K | $600K | -6.3% |
Housing Supply in Morehead Township, NC
How many homes are available in Morehead Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 273 | 267 | -2.2% |
Summary: The Morehead Township real estate market had 267 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 17 | +6.3% |
| 2 Bedrooms | 65 | 67 | +3.1% |
| 3 Bedrooms | 121 | 116 | -4.1% |
| 4 Bedrooms | 55 | 52 | -5.5% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Morehead Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 29 | -39.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morehead Township, you may be able to get a good deal. 69% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Morehead Township in November 2024, down by 39.6% month-over-month. Of the 29 sold homes, 69% were sold under asking, 14% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 72 Days | +159.5% |
Summary: Homes in Morehead Township had an average of 72 days on market in Nov 2024, up by 159.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morehead Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Morehead Township; 52% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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