Is Morganton, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Morganton was a Neutral Market.
Key Takeaway
Morganton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morganton, GA
How much do homes in Morganton, GA cost?
Median Sold Price
$567,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Morganton have sold for 40.9% more than they did a year ago.
Summary: The median home sold price in Morganton was $567,000 in March 2024, up 40.9% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $375K | $435K | +16.0% |
| 3 Bedrooms | $435K | $606.1K | +39.3% |
| 4 Bedrooms | $500K | $731K | +46.2% |
| 5+ Bedrooms | $495K | $760K | +53.5% |
Summary: Morganton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 53.5%.
Housing Supply in Morganton, GA
How many homes are available in Morganton, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 146 | 173 | +18.5% |
Summary: The Morganton real estate market had 173 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 64 | 79 | +23.4% |
| 4 Bedrooms | 44 | 51 | +15.9% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Morganton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morganton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Morganton in March 2024, up by 33.3% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 88 Days | 101 Days | +14.6% |
Summary: Homes in Morganton had an average of 101 days on market in Mar 2024, up by 14.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morganton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Morganton; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.