Is Morgan Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morgan Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Morgan Township has remained a Seller's Market.

Key Takeaway

Morgan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Morgan Township, NC

How much do homes in Morgan Township, NC cost?

Median Sold Price

$302,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$25,500(-7.8%)

Key Takeaway

Homes in Morgan Township have sold for 7.8% less than they did a year ago.

Summary: The median home sold price in Morgan Township was $302,000 in March 2024, down 7.8% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $65K-
N/A
2 $178.5K$258.5K
+44.8%
3 $368K$340K
-7.6%
4 $420K$420K
0.0%
5+ $425K-
N/A

Summary: Morgan Township 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 increased by 44.8%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Healing Spring Township
+46.7%
Providence Township
+11.1%
Gold Hill Township
-3.5%
Morgan Township
-7.8%

Housing Supply in Morgan Township, NC

How many homes are available in Morgan Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
711+57.1%

Summary: The Morgan Township real estate market had 11 homes for sale in March 2024, a 57.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 55
0.0%
3 12
+100.0%
4 03
+100.0%
5+ 11
0.0%

Summary: The Morgan Township 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morgan Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Morgan Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Morgan Township, NC

How long does it take to sell a home in Morgan Township, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
94 Days4 Days-95.8%

Summary: Homes in Morgan Township had an average of 4 days on market in Mar 2024, down by 95.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Morgan Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in Morgan Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

Newest Listings in Morgan Township, NC

Nearby Markets to Morgan Township, NC

What housing markets are near Morgan Township, NC?