$3,622 Closing Credit*
$305,000
988 SqFt
3 Beds
•1 Full Bath
#100481980, Listing Office: Realty ONE Group East
Is Morehead Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Morehead Township was a Seller's Market.
Key Takeaway
Morehead Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Morehead Township, NC
How much do homes in Morehead Township, NC cost?
Median Sold Price
$502,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$51,960(+11.5%)
Key Takeaway
Homes in Morehead Township have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Morehead Township was $502,000 in December 2024, up 11.5% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $157.5K | +10.5% |
| 2 Bedrooms | $386K | $420K | +8.8% |
| 3 Bedrooms | $463.1K | $498.5K | +7.6% |
| 4 Bedrooms | $674.9K | $725K | +7.4% |
| 5+ Bedrooms | $1.2M | $1.5M | +24.2% |
Summary: Morehead Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 24.2%.
Median Sold Price Compared To Nearby Cities
| Newport Township | $335K | $396K | +18.2% |
| Newport | $335K | $396K | +18.2% |
| Morehead Township | $450K | $502K | +11.5% |
| Pine Knoll Shores | $661.7K | $709K | +7.1% |
Housing Supply in Morehead Township, NC
How many homes are available in Morehead Township, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 252 | 246 | -2.4% |
Summary: The Morehead Township real estate market had 246 homes for sale in December 2024, a 2.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 59 | 64 | +8.5% |
| 3 Bedrooms | 115 | 106 | -7.8% |
| 4 Bedrooms | 49 | 46 | -6.1% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Morehead Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 | 38 | +26.7% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 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. 73.7% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Morehead Township in December 2024, up by 26.7% month-over-month. Of the 38 sold homes, 74% were sold under asking, 18% were sold at asking, and 8% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 55 Days | 52 Days | -5.7% |
Summary: Homes in Morehead Township had an average of 52 days on market in Dec 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 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 December 2024, 38 homes were sold in Morehead Township; 50% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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