Is Morganton 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, Morganton Township has remained a Seller's Market.
Key Takeaway
Morganton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morganton Township, NC
How much do homes in Morganton Township, NC cost?
Median Sold Price
$266,725
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Morganton Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Morganton Township was $266,725 in April 2024, up 6.1% 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 | $207K | $190K | -8.2% |
| 2 Bedrooms | $178.5K | $179K | 0.2% |
| 3 Bedrooms | $256.5K | $275.4K | +7.4% |
| 4 Bedrooms | $302K | $396.5K | +31.3% |
| 5+ Bedrooms | $392.5K | $435K | +10.8% |
Summary: Morganton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Drexel | $213.5K | $250K | +17.1% |
| Quaker Meadows Township | $280K | $320K | +14.3% |
| Drexel Township | $225K | $245K | +8.9% |
| Morganton | $251K | $268.2K | +6.9% |
| Morganton Township | $251.3K | $266.7K | +6.1% |
Housing Supply in Morganton Township, NC
How many homes are available in Morganton Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 188 | 214 | +13.8% |
Summary: The Morganton Township real estate market had 214 homes for sale in April 2024, a 13.8% 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 | 113 | 129 | +14.2% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Morganton 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 5.6%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 44 | +18.9% |
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 Township, 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 Township in April 2024, up by 18.9% 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 Township, NC
How long does it take to sell a home in Morganton Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 31 Days | 0.1% |
Summary: Homes in Morganton Township had an average of 31 days on market in Apr 2024, up by 0.1% 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in Morganton Township; 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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