Is Moravian Falls, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Moravian Falls has remained a Seller's Market.
Key Takeaway
Moravian Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moravian Falls, NC
How much do homes in Moravian Falls, NC cost?
Median Sold Price
$340,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Moravian Falls have sold for 30.3% more than they did a year ago.
Summary: The median home sold price in Moravian Falls was $340,000 in May 2024, up 30.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $246K | +7.0% |
| 3 Bedrooms | $261K | $350K | +34.1% |
| 4 Bedrooms | $498.2K | $930K | +86.7% |
| 5+ Bedrooms | $1.9M | - | N/A |
Summary: Moravian Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 34.1%, 4 bedroom homes increased by 86.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Moravian Falls | $261K | $340K | +30.3% |
| Moravian Falls Township | $285K | $340K | +19.3% |
| Wilkesboro Township | $294.9K | $308K | +4.4% |
Housing Supply in Moravian Falls, NC
How many homes are available in Moravian Falls, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Moravian Falls real estate market had 18 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Moravian Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Moravian Falls, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Moravian Falls in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Moravian Falls, NC
How long does it take to sell a home in Moravian Falls, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 42 Days | +611.1% |
Summary: Homes in Moravian Falls had an average of 42 days on market in May 2024, up by 611.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moravian Falls are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Moravian Falls; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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