$4,689 Closing Credit*
$394,900
1,410 SqFt
3 Beds
•2 Full Baths, 1 Partial
Darin Ayers, Listing Office: Young Kim Realty
Is Morrisville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Morrisville has remained a Seller's Market.
Key Takeaway
Morrisville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morrisville, NC
How much do homes in Morrisville, NC cost?
Median Sold Price
$502,833
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$104(0%)
Key Takeaway
The sold price of homes in Morrisville has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $360K | +22.0% |
| 3 Bedrooms | $440K | $455K | +3.4% |
| 4 Bedrooms | $646K | $657.3K | +1.8% |
| 5+ Bedrooms | $810K | $855K | +5.6% |
Summary: Morrisville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Cary Township | $568.5K | $614.4K | +8.1% |
| Cary | $571.7K | $615.1K | +7.6% |
| Cedar Fork Township | $540.6K | $565.9K | +4.7% |
| Triangle Township | $425.2K | $442.4K | +4.1% |
| Morrisville | $502.9K | $502.8K | 0% |
Housing Supply in Morrisville, NC
How many homes are available in Morrisville, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 84 | -12.5% |
Summary: The Morrisville real estate market had 84 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 42 | 38 | -9.5% |
| 4 Bedrooms | 40 | 33 | -17.5% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Morrisville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 17 | -46.9% |
Asking Price vs. Sold Price
8 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 Morrisville, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Morrisville in November 2024, down by 46.9% month-over-month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Morrisville, NC
How long does it take to sell a home in Morrisville, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 37 Days | -30.4% |
Summary: Homes in Morrisville had an average of 37 days on market in Nov 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morrisville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Morrisville; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.