Is Morehead City, 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, Morehead City has remained a Seller's Market.
Housing Prices in Morehead City, NC
How much do homes in Morehead City, NC cost?
Median Sold Price
$395,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morehead City was $395,000 in March 2024, up 4.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282K | - | N/A |
2 Bedrooms | $249.5K | $239.5K | -4.0% |
3 Bedrooms | $386K | $405K | +4.9% |
4 Bedrooms | $484.9K | $485K | 0.0% |
5+ Bedrooms | $1.4M | $647K | -53.8% |
Summary: Morehead City 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 decreased by 4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 53.8%.
Median Sold Price Compared To Nearby Cities
Morehead Township | $452.8K | $484.1K | +6.9% |
Morehead City | $378K | $395K | +4.5% |
Beaufort Township | $443.4K | $432K | -2.6% |
Housing Supply in Morehead City, NC
How many homes are available in Morehead City, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 | 86 | +13.2% |
Summary: The Morehead City real estate market had 86 homes for sale in March 2024, a 13.2% 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 | 10 | 9 | -10.0% |
3 Bedrooms | 47 | 53 | +12.8% |
4 Bedrooms | 15 | 20 | +33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Morehead City 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 decreased by 10%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Morehead City in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for Morehead City, NC
How long does it take to sell a home in Morehead City, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 39 Days | +46.2% |
Summary: Homes in Morehead City had an average of 39 days on market in Mar 2024, up by 46.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Morehead City; 61% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.