$10,000 Closing Credit*
$899,000
1,455 SqFt
2 Beds
•1 Full Bath, 2 Partial
Listing Office: Koval Properties LLC
Is Morgan Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Morgan Township has remained a Seller's Market.
Key Takeaway
Morgan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morgan Township, NC
How much do homes in Morgan Township, NC cost?
Median Sold Price
$525,000
$193/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$229,000(+77.4%)
Key Takeaway
Homes in Morgan Township have sold for 77.4% more than they did a month ago.
Summary: The median home sold price in Morgan Township was $525,000 in October 2024, up 77.4% from last month, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $296K | $552.5K | +86.7% |
| 3 Bedrooms | $485K | $525K | +8.2% |
| 4 Bedrooms | $249.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Morgan Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 86.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Morgan Township, NC
How many homes are available in Morgan Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Morgan Township real estate market had 13 homes for sale in October 2024, a 18.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Morgan 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morgan Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Morgan Township in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Morgan Township, NC
How long does it take to sell a home in Morgan Township, NC?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 88 Days | +55.6% |
Summary: Homes in Morgan Township had an average of 88 days on market in Oct 2024, up by 55.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Morgan Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Morgan Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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