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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moravian Falls Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Moravian Falls Township has remained a Seller's Market.

Key Takeaway

Moravian Falls Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Moravian Falls Township, NC

How much do homes in Moravian Falls Township, NC cost?

Median Sold Price

$340,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$55,000(+19.3%)

Key Takeaway

Homes in Moravian Falls Township have sold for 19.3% more than they did a year ago.

Summary: The median home sold price in Moravian Falls Township was $340,000 in March 2024, up 19.3% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $130K-
N/A
2 $230K$230K
0.0%
3 $305K$356K
+16.7%
4 $534.7K$522.5K
-2.3%
5+ $1.9M-
N/A

Summary: Moravian Falls Township 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 did not change, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Moravian Falls
+66.9%
Moravian Falls Township
+19.3%
Wilkesboro Township
-7.8%

Housing Supply in Moravian Falls Township, NC

How many homes are available in Moravian Falls Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2019-5.0%

Summary: The Moravian Falls Township real estate market had 19 homes for sale in March 2024, a 5.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1211
-8.3%
4 33
0.0%
5+ 00
0.0%

Summary: The Moravian Falls Township 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
08+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moravian Falls Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Moravian Falls Township in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Moravian Falls Township, NC

How long does it take to sell a home in Moravian Falls Township, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
97 Days35 Days-64.1%

Summary: Homes in Moravian Falls Township had an average of 35 days on market in Mar 2024, down by 64.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Moravian Falls Township has remained consistent over time.

Summary: During March 2024, 8 homes were sold in Moravian Falls Township; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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 25 Days Ago

Newest Listings in Moravian Falls Township, NC

Nearby Markets to Moravian Falls Township, NC

What housing markets are near Moravian Falls Township, NC?