Is Moravian Falls Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Moravian Falls Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $230K | $230K | 0.0% |
3 Bedrooms | $305K | $356K | +16.7% |
4 Bedrooms | $534.7K | $522.5K | -2.3% |
5+ Bedrooms | $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 | $261K | $435.5K | +66.9% |
Moravian Falls Township | $285K | $340K | +19.3% |
Wilkesboro Township | $325K | $299.5K | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 19 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 8 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
97 Days | 35 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
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.