Is Morganton, 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, Morganton has remained a Seller's Market.
Key Takeaway
Morganton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morganton, NC
How much do homes in Morganton, NC cost?
Median Sold Price
$268,291
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Morganton have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Morganton was $268,291 in April 2024, up 6.9% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $303.5K | $190K | -37.4% |
| 2 Bedrooms | $181K | $179K | -1.1% |
| 3 Bedrooms | $249.9K | $276.3K | +10.5% |
| 4 Bedrooms | $310K | $396.5K | +27.9% |
| 5+ Bedrooms | $392.5K | $435K | +10.8% |
Summary: Morganton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.4%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Quaker Meadows Township | $280K | $320K | +14.3% |
| Morganton | $251K | $268.2K | +6.9% |
| Morganton Township | $251.3K | $266.7K | +6.1% |
| Silver Creek Township | $249.9K | $245K | -2.0% |
| Glen Alpine | $285K | $270K | -5.3% |
Housing Supply in Morganton, NC
How many homes are available in Morganton, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 185 | 211 | +14.1% |
Summary: The Morganton real estate market had 211 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 36 | 38 | +5.6% |
| 3 Bedrooms | 110 | 126 | +14.5% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Morganton 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 5.6%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 44 | +22.2% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morganton, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Morganton in April 2024, up by 22.2% month-over-month. Of the 44 sold homes, 68% were sold under asking, 9% were sold at asking, and 23% were sold over asking.
Days on Market for Morganton, NC
How long does it take to sell a home in Morganton, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 31 Days | 0.4% |
Summary: Homes in Morganton had an average of 31 days on market in Apr 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morganton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in Morganton; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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