$3,561 Closing Credit*
$299,900
2,532 SqFt
4 Beds
•3 Full Baths
Melissa Greer, Listing Office: Berkshire Hathaway HomeServices Yost & Little Realty
Is Morehead Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Morehead Township has remained a Seller's Market.
Key Takeaway
Morehead Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morehead Township, NC
How much do homes in Morehead Township, NC cost?
Median Sold Price
$299,941
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$21,753(+7.8%)
Key Takeaway
Homes in Morehead Township have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Morehead Township was $299,941 in September 2024, up 7.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | $143.4K | -11.2% |
| 2 Bedrooms | $177.2K | $192.6K | +8.7% |
| 3 Bedrooms | $268.2K | $288.9K | +7.7% |
| 4 Bedrooms | $411.8K | $434.7K | +5.6% |
| 5+ Bedrooms | $607.5K | $628.5K | +3.5% |
Summary: Morehead Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Morehead Township | $278.1K | $299.9K | +7.8% |
| Greensboro | $265.5K | $282.2K | +6.3% |
| Bruce Township | $545K | $578K | +6.1% |
| Friendship Township | $295K | $297.5K | +0.8% |
| Deep River Township | $399.9K | $379.4K | -5.1% |
Housing Supply in Morehead Township, NC
How many homes are available in Morehead Township, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 671 | 689 | +2.7% |
Summary: The Morehead Township real estate market had 689 homes for sale in September 2024, a 2.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 132 | 137 | +3.8% |
| 3 Bedrooms | 313 | 331 | +5.8% |
| 4 Bedrooms | 173 | 167 | -3.5% |
| 5+ Bedrooms | 48 | 47 | -2.1% |
Summary: The Morehead Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 2.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 195 | 163 | -16.4% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morehead Township, you may be able to get a good deal. 54% of homes here sold below asking price last month.
Summary: A total of 163 homes were sold or pending in Morehead Township in September 2024, down by 16.4% month-over-month. Of the 163 sold homes, 54% were sold under asking, 30% were sold at asking, and 16% were sold over asking.
Days on Market for Morehead Township, NC
How long does it take to sell a home in Morehead Township, NC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +53.2% |
Summary: Homes in Morehead Township had an average of 26 days on market in Sep 2024, up by 53.2% compared to last year.
Breakdown of Home Sale Times
113 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morehead Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 163 homes were sold in Morehead Township; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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