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 September 2023

At the same time last year, Morgan Township was a Neutral 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

$473,250

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$228,250(+93.2%)

Key Takeaway

Homes in Morgan Township have sold for 93.2% more than they did a year ago.

Summary: The median home sold price in Morgan Township was $473,250 in September 2024, up 93.2% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $65K-
N/A
2 $235K$430K
+83.0%
3 $255K$415K
+62.7%
4 $347.5K$763K
+119.6%
5+ $425K$1.0M
+140.0%

Summary: Morgan Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 83%, 3 bedroom homes increased by 62.7%, 4 bedroom homes increased by 119.6%, and 5+ bedroom homes increased by 140%.

Median Sold Price Compared To Nearby Cities

Morgan Township
+93.2%
Providence Township
-1.4%
Gold Hill Township
-1.8%

Housing Supply in Morgan Township, NC

How many homes are available in Morgan Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1821+16.7%

Summary: The Morgan Township real estate market had 21 homes for sale in September 2024, a 16.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 13
+200.0%
2 45
+25.0%
3 99
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Morgan Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
17+600.0%

Asking Price vs. Sold Price

7 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 7 homes were sold or pending in Morgan Township in September 2024, up by 600.0% month-over-month. Of the 7 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

Sep 2023Sep 2024CHANGE
7 Days88 Days+1159.2%

Summary: Homes in Morgan Township had an average of 88 days on market in Sep 2024, up by 1159.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Morgan Township has remained consistent over time.

Summary: During September 2024, 7 homes were sold in Morgan Township; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% 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 30 Days Ago

Newest Listings in Morgan Township, NC

Nearby Markets to Morgan Township, NC

What housing markets are near Morgan Township, NC?