Is Morehead Township, 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 Township has remained a Seller's Market.
Housing Prices in Morehead Township, NC
How much do homes in Morehead Township, NC cost?
Median Sold Price
$480,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morehead Township was $480,000 in April 2024, up 4.4% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145.2K | $155K | +6.7% |
2 Bedrooms | $372.5K | $420K | +12.8% |
3 Bedrooms | $489K | $477.5K | -2.4% |
4 Bedrooms | $550K | $702.5K | +27.7% |
5+ Bedrooms | $1.3M | $1.1M | -18.9% |
Summary: Morehead Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
Newport Township | $327.4K | $351.7K | +7.4% |
Indian Beach | $570.9K | $612.5K | +7.3% |
Morehead Township | $459.9K | $480K | +4.4% |
Pine Knoll Shores | $650K | $654.8K | +0.7% |
Newport | $355K | $351.7K | -0.9% |
Housing Supply in Morehead Township, NC
How many homes are available in Morehead Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
245 | 259 | +5.7% |
Summary: The Morehead Township real estate market had 259 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 18 | 0.0% |
2 Bedrooms | 61 | 66 | +8.2% |
3 Bedrooms | 109 | 117 | +7.3% |
4 Bedrooms | 43 | 43 | 0.0% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Morehead Township 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 8.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 55 | +25.0% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Morehead Township in April 2024, up by 25.0% month-over-month. Of the 55 sold homes, 65% were sold under asking, 9% were sold at asking, and 25% were sold over asking.
Days on Market for Morehead Township, NC
How long does it take to sell a home in Morehead Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 46 Days | +6.9% |
Summary: Homes in Morehead Township had an average of 46 days on market in Apr 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in Morehead Township; 69% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.