Is Morehead Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Morehead Township has remained a Seller's Market.
Housing Prices in Morehead Township, NC
How much do homes in Morehead Township, NC cost?
Median Sold Price
$293,549
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morehead Township was $293,549 in April 2024, up 7.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141.5K | $158K | +11.7% |
2 Bedrooms | $171.3K | $189.4K | +10.6% |
3 Bedrooms | $260K | $282.5K | +8.7% |
4 Bedrooms | $405K | $429.9K | +6.2% |
5+ Bedrooms | $603K | $615K | +2.0% |
Summary: Morehead Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Morehead Township | $273.1K | $293.5K | +7.5% |
Greensboro | $265K | $276.2K | +4.2% |
Bruce Township | $557.7K | $574.7K | +3.0% |
Friendship Township | $280K | $277K | -1.1% |
Deep River Township | $398K | $381.1K | -4.2% |
Housing Supply in Morehead Township, NC
How many homes are available in Morehead Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
634 | 675 | +6.5% |
Summary: The Morehead Township real estate market had 675 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 143 | 138 | -3.5% |
3 Bedrooms | 297 | 320 | +7.7% |
4 Bedrooms | 135 | 152 | +12.6% |
5+ Bedrooms | 55 | 59 | +7.3% |
Summary: The Morehead Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
183 | 210 | +14.8% |
Asking Price vs. Sold Price
90 Homes Were Sold
Under Asking
56 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Summary: A total of 210 homes were sold or pending in Morehead Township in April 2024, up by 14.8% month-over-month. Of the 210 sold homes, 43% were sold under asking, 27% were sold at asking, and 30% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 25 Days | +12.2% |
Summary: Homes in Morehead Township had an average of 25 days on market in Apr 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
161 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 210 homes were sold in Morehead Township; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.