Is Morehead City, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Morehead City has remained a Seller's Market.
Housing Prices in Morehead City, NC
How much do homes in Morehead City, NC cost?
Median Sold Price
$385,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morehead City was $385,000 in April 2024, down 1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282K | - | N/A |
2 Bedrooms | $260K | $235.5K | -9.4% |
3 Bedrooms | $405K | $400K | -1.2% |
4 Bedrooms | $484.4K | $567.5K | +17.2% |
5+ Bedrooms | $1.4M | $647K | -53.8% |
Summary: Morehead City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 53.8%.
Median Sold Price Compared To Nearby Cities
Morehead Township | $459.9K | $480K | +4.4% |
Morehead City | $389K | $385K | -1.0% |
Beaufort Township | $441.2K | $432.7K | -1.9% |
Housing Supply in Morehead City, NC
How many homes are available in Morehead City, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 104 | +16.9% |
Summary: The Morehead City real estate market had 104 homes for sale in April 2024, a 16.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 16 | +60.0% |
3 Bedrooms | 54 | 64 | +18.5% |
4 Bedrooms | 21 | 18 | -14.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Morehead City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Morehead City in April 2024, up by 10.5% month-over-month. Of the 21 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% were sold over asking.
Days on Market for Morehead City, NC
How long does it take to sell a home in Morehead City, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 45 Days | -7.6% |
Summary: Homes in Morehead City had an average of 45 days on market in Apr 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Morehead City; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.