$4,334 Closing Credit*
$365,000
1,630 SqFt
3 Beds
•2 Full Baths, 1 Partial
Thomas Ladane Shoupe, Amy Horne, Listing Office: Opendoor Brokerage LLC
Is Morrisville, 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, 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
$501,666
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,083(-0.4%)
Key Takeaway
The sold price of homes in Morrisville has remained the same since last year.
Summary: The median home sold price in Morrisville was $501,666 in October 2024, down 0.4% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $360K | +20.0% |
| 3 Bedrooms | $440K | $450K | +2.3% |
| 4 Bedrooms | $634.5K | $655.7K | +3.3% |
| 5+ Bedrooms | $810K | $855K | +5.6% |
Summary: Morrisville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Cary | $573.1K | $611.1K | +6.6% |
| Cary Township | $569.9K | $605.9K | +6.3% |
| Triangle Township | $424.7K | $446.1K | +5.1% |
| Cedar Fork Township | $542.4K | $560.6K | +3.4% |
| Morrisville | $503.7K | $501.6K | -0.4% |
Housing Supply in Morrisville, NC
How many homes are available in Morrisville, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 97 | +9.0% |
Summary: The Morrisville real estate market had 97 homes for sale in October 2024, a 9.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 41 | 41 | 0.0% |
| 4 Bedrooms | 35 | 41 | +17.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Morrisville 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 increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 31 | +138.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrisville, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Morrisville in October 2024, up by 138.5% month-over-month. Of the 31 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 30 Days | -35.8% |
Summary: Homes in Morrisville had an average of 30 days on market in Oct 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Morrisville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Morrisville; 65% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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