$1,781 Closing Credit*
$150,000
402 SqFt
1 Bed
•1 Full Bath
#100473619, Listing Office: Linda Rike Real Estate
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
At the same time last year, Morehead Township was a Seller's Market.
Key Takeaway
Morehead Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Morehead Township, NC
How much do homes in Morehead Township, NC cost?
Median Sold Price
$497,625
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$36,158(+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 $497,625 in September 2024, up 7.8% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $157K | +8.3% |
| 2 Bedrooms | $376K | $425.1K | +13.1% |
| 3 Bedrooms | $480K | $490K | +2.1% |
| 4 Bedrooms | $680K | $805K | +18.4% |
| 5+ Bedrooms | $1.3M | $1.4M | +2.8% |
Summary: Morehead Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Newport Township | $325K | $395K | +21.5% |
| Newport | $325.7K | $395K | +21.3% |
| Morehead Township | $461.4K | $497.6K | +7.8% |
| Pine Knoll Shores | $672.5K | $660K | -1.9% |
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 |
|---|---|---|
| 268 | 273 | +1.9% |
Summary: The Morehead Township real estate market had 273 homes for sale in September 2024, a 1.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 75 | 66 | -12.0% |
| 3 Bedrooms | 105 | 118 | +12.4% |
| 4 Bedrooms | 58 | 59 | +1.7% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Morehead Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 51 | 45 | -11.8% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 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. 71.1% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Morehead Township in September 2024, down by 11.8% month-over-month. Of the 45 sold homes, 71% were sold under asking, 9% were sold at asking, and 20% 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 |
|---|---|---|
| 29 Days | 62 Days | +110.2% |
Summary: Homes in Morehead Township had an average of 62 days on market in Sep 2024, up by 110.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 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, 45 homes were sold in Morehead Township; 51% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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