Is Commonwealth-Morning Side, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Commonwealth-Morning Side has remained a Seller's Market.
Key Takeaway
Commonwealth-Morning Side is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Commonwealth-Morning Side, NC
How much do homes in Commonwealth-Morning Side, NC cost?
Median Sold Price
$464,940
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Commonwealth-Morning Side have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Commonwealth-Morning Side was $464,940 in April 2024, up 5.7% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315.7K | - | N/A |
| 2 Bedrooms | $362.5K | $290K | -20.0% |
| 3 Bedrooms | $697.5K | $476.4K | -31.7% |
| 4 Bedrooms | $992.2K | $1.0M | +6.3% |
| 5+ Bedrooms | $850K | $977.6K | +15.0% |
Summary: Commonwealth-Morning Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 31.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 15%.
Housing Supply in Commonwealth-Morning Side, NC
How many homes are available in Commonwealth-Morning Side, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Commonwealth-Morning Side real estate market had 25 homes for sale in April 2024, a 7.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Commonwealth-Morning Side housing inventory by bedroom type for April 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Commonwealth-Morning Side, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Commonwealth-Morning Side in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Commonwealth-Morning Side, NC
How long does it take to sell a home in Commonwealth-Morning Side, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 37 Days | -38.0% |
Summary: Homes in Commonwealth-Morning Side had an average of 37 days on market in Apr 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Commonwealth-Morning Side are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Commonwealth-Morning Side; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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