Listing Office: N C Land and Lots LLC
Is Morganton Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Morganton Township has remained a Seller's Market.
Key Takeaway
Morganton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morganton Township, NC
How much do homes in Morganton Township, NC cost?
Median Sold Price
$265,362
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$362(+0.1%)
Key Takeaway
The sold price of homes in Morganton Township has remained the same since last year.
Summary: The median home sold price in Morganton Township was $265,362 in October 2024, up 0.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $177.5K | -10.1% |
| 2 Bedrooms | $183K | $181K | -1.1% |
| 3 Bedrooms | $271.4K | $280K | +3.1% |
| 4 Bedrooms | $389.5K | $400K | +2.7% |
| 5+ Bedrooms | $425K | $495K | +16.5% |
Summary: Morganton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Quaker Meadows Township | $315K | $385K | +22.2% |
| Drexel | $212K | $220K | +3.8% |
| Morganton | $262.5K | $265K | +0.9% |
| Morganton Township | $265K | $265.3K | 0.1% |
| Drexel Township | $230K | $224K | -2.6% |
Housing Supply in Morganton Township, NC
How many homes are available in Morganton Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 231 | 235 | +1.7% |
Summary: The Morganton Township real estate market had 235 homes for sale in October 2024, a 1.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 36 | 36 | 0.0% |
| 3 Bedrooms | 129 | 136 | +5.4% |
| 4 Bedrooms | 45 | 41 | -8.9% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Morganton 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 remained the same, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 53 | +71.0% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morganton Township, you may be able to get a good deal. 71.7% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Morganton Township in October 2024, up by 71.0% month-over-month. Of the 53 sold homes, 72% were sold under asking, 19% were sold at asking, and 9% were sold over asking.
Days on Market for Morganton Township, NC
How long does it take to sell a home in Morganton Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 40 Days | +90.5% |
Summary: Homes in Morganton Township had an average of 40 days on market in Oct 2024, up by 90.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morganton Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 53 homes were sold in Morganton Township; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.