Is Moravian Falls Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Moravian Falls Township was a Neutral Market.
Housing Prices in Moravian Falls Township, NC
How much do homes in Moravian Falls Township, NC cost?
Median Sold Price
$340,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Moravian Falls Township was $340,000 in May 2024, up 19.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $230K | 0.0% |
3 Bedrooms | $285K | $353K | +23.9% |
4 Bedrooms | $498.2K | $610K | +22.4% |
5+ Bedrooms | $1.9M | - | N/A |
Summary: Moravian Falls Township 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 did not change, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 22.4%, 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 Township, NC
How many homes are available in Moravian Falls Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Summary: The Moravian Falls Township real estate market had 23 homes for sale in May 2024, a 9.5% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Moravian Falls Township 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 increased by 16.7%, 3 bedroom homes increased by 10%, 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
Summary: A total of 6 homes were sold or pending in Moravian Falls Township 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 Township, NC
How long does it take to sell a home in Moravian Falls Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 42 Days | +611.1% |
Summary: Homes in Moravian Falls Township 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
Summary: During May 2024, 6 homes were sold in Moravian Falls Township; 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.