Is Morganton, GA 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, Morganton was a Seller's Market.
Key Takeaway
Morganton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morganton, GA
How much do homes in Morganton, GA cost?
Median Sold Price
$598,322
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Morganton have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in Morganton was $598,322 in May 2024, up 20.4% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $380K | +49.0% |
| 2 Bedrooms | $375K | $435K | +16.0% |
| 3 Bedrooms | $515K | $639.9K | +24.3% |
| 4 Bedrooms | $690.7K | $790K | +14.4% |
| 5+ Bedrooms | $860K | $700K | -18.6% |
Summary: Morganton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 18.6%.
Housing Supply in Morganton, GA
How many homes are available in Morganton, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 157 | 194 | +23.6% |
Summary: The Morganton real estate market had 194 homes for sale in May 2024, a 23.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 27 | +28.6% |
| 3 Bedrooms | 76 | 94 | +23.7% |
| 4 Bedrooms | 44 | 56 | +27.3% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Morganton 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 28.6%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Morganton, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Morganton in May 2024, down by 10.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Morganton, GA
How long does it take to sell a home in Morganton, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 77 Days | 55 Days | -28.8% |
Summary: Homes in Morganton had an average of 55 days on market in May 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morganton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Morganton; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information 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. Information deemed reliable but not guaranteed.