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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morganton Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Morganton Township was a Seller's Market.

Key Takeaway

Morganton Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Morganton Township, NC

How much do homes in Morganton Township, NC cost?

Median Sold Price

$263,968

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,468(+5.0%)

Key Takeaway

Homes in Morganton Township have sold for 5% more than they did a year ago.

Summary: The median home sold price in Morganton Township was $263,968 in February 2024, up 5% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $207K$193.7K
-6.4%
2 $167.4K$181K
+8.1%
3 $258K$271.4K
+5.2%
4 $300K$399.4K
+33.1%
5+ $385K$425K
+10.4%

Summary: Morganton Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Cities

Quaker Meadows Township
+33.9%
Morganton Township
+5.0%
Morganton
+3.5%
Drexel Township
+0.9%

Housing Supply in Morganton Township, NC

How many homes are available in Morganton Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
144164+13.9%

Summary: The Morganton Township real estate market had 164 homes for sale in February 2024, a 13.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 2936
+24.1%
3 8993
+4.5%
4 1927
+42.1%
5+ 76
-14.3%

Summary: The Morganton Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3523-34.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morganton Township, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Morganton Township in February 2024, down by 34.3% month-over-month. Of the 23 sold homes, 74% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Morganton Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
31 Days42 Days+35.5%

Summary: Homes in Morganton Township had an average of 42 days on market in Feb 2024, up by 35.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 23 homes were sold in Morganton Township; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% 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 27 Days Ago

Newest Listings in Morganton Township, NC

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