Is Morehead 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, 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
$484,114
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morehead Township was $484,114 in March 2024, up 6.9% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138K | $161.2K | +16.8% |
2 Bedrooms | $376K | $418.7K | +11.4% |
3 Bedrooms | $459K | $485K | +5.7% |
4 Bedrooms | $587.5K | $690K | +17.4% |
5+ Bedrooms | $1.3M | $1.1M | -18.9% |
Summary: Morehead Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.8%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
Morehead Township | $452.8K | $484.1K | +6.9% |
Indian Beach | $566K | $602K | +6.4% |
Pine Knoll Shores | $629.7K | $658.5K | +4.6% |
Newport Township | $345K | $350.9K | +1.7% |
Newport | $372.5K | $350.9K | -5.8% |
Housing Supply in Morehead Township, NC
How many homes are available in Morehead Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
239 | 251 | +5.0% |
Summary: The Morehead Township real estate market had 251 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 19 | -5.0% |
2 Bedrooms | 66 | 64 | -3.0% |
3 Bedrooms | 105 | 111 | +5.7% |
4 Bedrooms | 36 | 43 | +19.4% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Morehead Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 43 | -12.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Morehead Township in March 2024, down by 12.2% month-over-month. Of the 43 sold homes, 60% were sold under asking, 26% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 85 Days | +40.8% |
Summary: Homes in Morehead Township had an average of 85 days on market in Mar 2024, up by 40.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in Morehead Township; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.