Morehead Township Housing Market Report February 2025•Guilford County, North Carolina

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Housing Prices in Morehead Township, NC

How much do homes in Morehead Township, NC cost?

Housing Market Conditions

Is Morehead Township, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Morehead Township is a Seller's Market

Difference Since February 2024

Since last year, Morehead Township has remained a Seller's Market.

Insight

Morehead Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$300,120$179/SqFt
+$10,120
+3.5%

Based on all homes sold in the last 12 months

Insight

Homes in Morehead Township have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Morehead Township was $300,120 in February 2025, up 3.5% from last year, and the median price per square foot was $179.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Friendship Township
+6.8%
Greensboro
+5.5%
Morehead Township
+3.5%
Bruce Township
+0.9%
Deep River Township
-1.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$158K$144.9K
-8.3%
2$187K$190.6K
+1.9%
3$279.9K$289.8K
+3.5%
4$424.4K$443.2K
+4.4%
5$620K$624.2K
+0.7%

Summary: Morehead Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -8.3%. The home price for 2 bedroom homes increased by +1.9%. The home price for 3 bedroom homes increased by +3.5%. The home price for 4 bedroom homes increased by +4.4%. The home price for 5 bedroom homes increased by +0.7%.

Housing supply in Morehead Township, NC

How many homes are available in Morehead Township, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
586Last MonthFeb 2025
5772 months agoJan 2025
+1.6 %
Change MoMJan – Feb

Summary: The Morehead Township real estate market had 586 homes for sale in Feb 2025, a 1.6 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
122Last MonthFeb 2025
1442 months agoJan 2025
-15.3 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
134
+33.3%
2124147
+18.5%
3281270
-3.9%
4137133
-2.9%
53232
0.0%

Summary: Morehead Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes increased by +18.5%. The inventory for 3 bedroom homes decreased by -3.9%. The inventory for 4 bedroom homes decreased by -2.9%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Morehead Township, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price28 Homes

At Asking Price25 Homes

Under Asking Price69 Homes

Insight

If you're buying a home in Morehead Township, you may be able to get a good deal. 56.6% of homes here sold below asking price last month.

Summary: A total of 122 homes were sold or pending in Morehead Township in February 2025, down by 15.3% month-over-month. Of the 122 sold homes, 57% were sold under asking, 20% were sold at asking, and and 23% were sold over asking.

Days on Market for Morehead Township, NC

How long does it take to sell a home in Morehead Township, NC?

Breakdown of Home Sale Times

Under 30 Days72 Homes

30 – 90 Days40 Homes

Over 90 Days10 Homes

Insight

Many homes in Morehead Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 122 homes were sold in Morehead Township; 59% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
33 DaysThis YearFeb 2025
40 Days1 year agoFeb 2024
-15.5 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Morehead Township had an average listing age of 33 days in Feb 2025, down by 15.5% compared to the previous year.

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Newest Listings in Morehead Township, NC

What homes are available in Morehead Township, NC?

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Nearby markets

Popular Cities with Homes for Sale in North Carolina

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Based on information from Triad MLS Inc, Doorify MLS, Canopy MLS, and Hive MLS for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/3/2025, 7:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 3/3/2025, 7:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 3/3/2025, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.