$6,175 Closing Credit*
$520,000
2,710 SqFt
4 Beds
•3 Full Baths, 1 Partial
Kitty Vang, Listing Office: Coldwell Banker Advantage
Is Morrisville, 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, Morrisville was a Seller's Market.
Key Takeaway
Morrisville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morrisville, NC
How much do homes in Morrisville, NC cost?
Median Sold Price
$502,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$2,000(+0.4%)
Key Takeaway
The sold price of homes in Morrisville has remained the same since last year.
Summary: The median home sold price in Morrisville was $502,000 in September 2024, up 0.4% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $355K | +16.4% |
| 3 Bedrooms | $440K | $450K | +2.3% |
| 4 Bedrooms | $625K | $655.7K | +4.9% |
| 5+ Bedrooms | $810K | $877.4K | +8.3% |
Summary: Morrisville 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 16.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Triangle Township | $419.9K | $446.2K | +6.3% |
| Cary Township | $570.2K | $600K | +5.2% |
| Cary | $572.3K | $601.2K | +5.1% |
| Cedar Fork Township | $540K | $560.8K | +3.9% |
| Morrisville | $500K | $502K | 0.4% |
Housing Supply in Morrisville, NC
How many homes are available in Morrisville, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 90 | 86 | -4.4% |
Summary: The Morrisville real estate market had 86 homes for sale in September 2024, a 4.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 37 | 43 | +16.2% |
| 4 Bedrooms | 39 | 32 | -17.9% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Morrisville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 12 | -42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrisville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Morrisville in September 2024, down by 42.9% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for Morrisville, NC
How long does it take to sell a home in Morrisville, NC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 101 Days | 18 Days | -81.8% |
Summary: Homes in Morrisville had an average of 18 days on market in Sep 2024, down by 81.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morrisville are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 12 homes were sold in Morrisville; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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