Is Morganton, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Morganton was a Seller's Market.
Housing Prices in Morganton, GA
How much do homes in Morganton, GA cost?
Median Sold Price
$598,322
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Morganton was $598,322 in May 2024, up 20.4% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $380K | +49.0% |
2 Bedrooms | $375K | $435K | +16.0% |
3 Bedrooms | $515K | $639.9K | +24.3% |
4 Bedrooms | $690.7K | $790K | +14.4% |
5+ Bedrooms | $860K | $700K | -18.6% |
Summary: Morganton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 18.6%.
Housing Supply in Morganton, GA
How many homes are available in Morganton, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
157 | 194 | +23.6% |
Summary: The Morganton real estate market had 194 homes for sale in May 2024, a 23.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 21 | 27 | +28.6% |
3 Bedrooms | 76 | 94 | +23.7% |
4 Bedrooms | 44 | 56 | +27.3% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Morganton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Morganton in May 2024, down by 10.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Morganton, GA
How long does it take to sell a home in Morganton, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 55 Days | -28.8% |
Summary: Homes in Morganton had an average of 55 days on market in May 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Morganton; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.