Is Morganton Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Morganton Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207K | $193.7K | -6.4% |
2 Bedrooms | $167.4K | $181K | +8.1% |
3 Bedrooms | $258K | $271.4K | +5.2% |
4 Bedrooms | $300K | $399.4K | +33.1% |
5+ Bedrooms | $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 | $249K | $333.3K | +33.9% |
Morganton Township | $251.5K | $263.9K | +5.0% |
Morganton | $255K | $263.9K | +3.5% |
Drexel Township | $222.5K | $224.5K | +0.9% |
Housing Supply in Morganton Township, NC
How many homes are available in Morganton Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
144 | 164 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 29 | 36 | +24.1% |
3 Bedrooms | 89 | 93 | +4.5% |
4 Bedrooms | 19 | 27 | +42.1% |
5+ Bedrooms | 7 | 6 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
35 | 23 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
31 Days | 42 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
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.