Morganton Housing Market Report January 2025•Burke County, North Carolina

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Housing Prices in Morganton, NC

How much do homes in Morganton, NC cost?

Housing Market Conditions

Is Morganton, 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

Morganton is a Seller's Market

Difference Since January 2024

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

Insight

Morganton 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.
$274,000$179/SqFt
+$9,550
+3.6%

Based on all homes sold in the last 12 months

Insight

Homes in Morganton have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Morganton was $274,000 in January 2025, up 3.6% from last year, and the median price per square foot was $179.

Median Sold Price By City

Median Sold Price By City
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
Quaker Meadows Township
+10.0%
Morganton Township
+4.2%
Morganton
+3.6%
Silver Creek Township
+2.1%

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.
BedsJan 2024Jan 2025Change YoY
1$193.7K$179K
-7.6%
2$182K$180K
-1.1%
3$269.9K$283.2K
+4.9%
4$400K$400K
0.0%
5$425K$579K
+36.2%

Summary: Morganton housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -7.6%. The home price for 2 bedroom homes decreased by -1.1%. The home price for 3 bedroom homes increased by +4.9%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +36.2%.

Housing supply in Morganton, NC

How many homes are available in Morganton, 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
204Last MonthJan 2025
2062 months agoDec 2024
-1.0 %
Change MoMDec – Jan

Summary: The Morganton real estate market had 204 homes for sale in Jan 2025, a 1.0 % decrease compared to Dec 2024.

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
37Last MonthJan 2025
312 months agoDec 2024
+19.4 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
122
0.0%
23132
+3.2%
3125125
0.0%
43028
-6.7%
51817
-5.6%

Summary: Morganton housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +3.2%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -6.7%. The inventory for 5 bedroom homes decreased by -5.6%.

Asking Price vs. Sold Price

How much do homes in Morganton, 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 Price6 Homes

At Asking Price8 Homes

Under Asking Price23 Homes

Insight

If you're buying a home in Morganton, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Morganton in January 2025, up by 19.4% month-over-month. Of the 37 sold homes, 62% were sold under asking, 22% were sold at asking, and and 16% were sold over asking.

Days on Market for Morganton, NC

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

Breakdown of Home Sale Times

Under 30 Days16 Homes

30 – 90 Days3 Homes

Over 90 Days17 Homes

Insight

Most homes in Morganton are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 37 homes were sold in Morganton; 43% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 46% 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
89 DaysThis YearJan 2025
32 Days1 year agoJan 2024
+173.7 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Morganton had an average listing age of 89 days in Jan 2025, up by 173.7% compared to the previous year.

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Newest Listings in Morganton, NC

What homes are available in Morganton, NC?

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Based on information from Canopy MLS, and Miami MLS for the period 02/01/2023 - 02/01/2025

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 8:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.