Is Morganton Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morganton Township is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Morganton Township was a Seller's Market.

Key Takeaway

Morganton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Morganton Township, NC

How much do homes in Morganton Township, NC cost?

Median Sold Price

$263,525

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,525(+3.3%)

Key Takeaway

Homes in Morganton Township have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Morganton Township was $263,525 in May 2024, up 3.3% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $149.7K$177.5K
+18.5%
2 $179.2K$181K
+1.0%
3 $259.9K$280K
+7.7%
4 $320K$394K
+23.1%
5+ $389.4K$445K
+14.3%

Summary: Morganton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 14.3%.

Median Sold Price Compared To Nearby Cities

Quaker Meadows Township
+30.1%
Drexel Township
+10.1%
Morganton
+3.8%
Morganton Township
+3.3%

Housing Supply in Morganton Township, NC

How many homes are available in Morganton Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
213235+10.3%

Summary: The Morganton Township real estate market had 235 homes for sale in May 2024, a 10.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 33
0.0%
2 3740
+8.1%
3 127134
+5.5%
4 3544
+25.7%
5+ 1114
+27.3%

Summary: The Morganton Township 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 8.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4838-20.8%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morganton Township, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Morganton Township in May 2024, down by 20.8% month-over-month. Of the 38 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% 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

May 2023May 2024CHANGE
37 Days30 Days-20.0%

Summary: Homes in Morganton Township had an average of 30 days on market in May 2024, down by 20% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Morganton Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 38 homes were sold in Morganton Township; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Morganton Township, NC

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