Is Moravian Falls, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Moravian Falls was a Seller's Market.
Key Takeaway
Moravian Falls is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Moravian Falls, NC
How much do homes in Moravian Falls, NC cost?
Median Sold Price
$435,500
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Moravian Falls have sold for 66.9% more than they did a year ago.
Summary: The median home sold price in Moravian Falls was $435,500 in April 2024, up 66.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $230K | $230K | 0.0% |
| 3 Bedrooms | $280K | $435.5K | +55.5% |
| 4 Bedrooms | $532K | $610K | +14.7% |
| 5+ Bedrooms | $1.9M | - | N/A |
Summary: Moravian Falls 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 did not change, 3 bedroom homes increased by 55.5%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Moravian Falls | $261K | $435.5K | +66.9% |
| Moravian Falls Township | $295K | $340K | +15.3% |
| Wilkesboro Township | $299.9K | $308K | +2.7% |
Housing Supply in Moravian Falls, NC
How many homes are available in Moravian Falls, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Moravian Falls real estate market had 17 homes for sale in April 2024, a 21.4% increase 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Moravian Falls 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 increased by 150%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moravian Falls, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Moravian Falls in April 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Moravian Falls, NC
How long does it take to sell a home in Moravian Falls, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 49 Days | +653.8% |
Summary: Homes in Moravian Falls had an average of 49 days on market in Apr 2024, up by 653.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Moravian Falls has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Moravian Falls; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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