Is Morganton, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Morganton was a Seller's Market.
Key Takeaway
Morganton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morganton, GA
How much do homes in Morganton, GA cost?
Median Sold Price
$584,900
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Morganton have sold for 25% more than they did a year ago.
Summary: The median home sold price in Morganton was $584,900 in April 2024, up 25% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $380K | +49.0% |
| 2 Bedrooms | $375K | $435K | +16.0% |
| 3 Bedrooms | $475K | $641.9K | +35.1% |
| 4 Bedrooms | $700K | $762K | +8.9% |
| 5+ Bedrooms | $677.5K | $580K | -14.4% |
Summary: Morganton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 35.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 14.4%.
Housing Supply in Morganton, GA
How many homes are available in Morganton, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 148 | 185 | +25.0% |
Summary: The Morganton real estate market had 185 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 16 | 26 | +62.5% |
| 3 Bedrooms | 74 | 89 | +20.3% |
| 4 Bedrooms | 41 | 50 | +22.0% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Morganton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morganton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Morganton in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Morganton, GA
How long does it take to sell a home in Morganton, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 116 Days | +253.5% |
Summary: Homes in Morganton had an average of 116 days on market in Apr 2024, up by 253.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Morganton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 11 homes were sold in Morganton; 27% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 64% of homes were sold over 90 days.
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