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Featured local agent — Morehead City, NC
Sarah Mitchell
Compass Real Estate · Morehead City, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morehead City, NC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$786,725median sale price
How is the Morehead City, NC housing market right now?
The median home sale price in Morehead City, NC is $786,725, up 145.8% year-over-year. Homes sell in an average of 70 days with 73 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Morehead City a buyer's or seller's market?
Morehead City, NC is currently a leaning buyer's, based on 4.9 months of supply and homes selling in about 70 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
70
Average pace
Active listings
73
4.9 months supply
Sale-to-list
99.8%
Below asking
What does the Morehead City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $786,725 |
| Median list price | $415,000 |
| Year-over-year price change | +145.8% |
| Average days on market | 70 days |
| Active inventory | 73 listings |
| Months of supply | 4.9 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $366/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 19 |
| Listings with a price cut | 23.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Morehead City by property type?
How the Morehead City, NC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $640,750 | $285/sq ft | 8 | 33 days |
| Condo / Co-op | $700,000 | $484/sq ft | 1 | 51 days |
| Townhouse | $1.43M | $537/sq ft | 6 | 380 days |
Source: Redfin · Updated monthly
The Morehead City housing market is currently classified as a leaning buyer's with a median sale price of $786,725. Prices have risen 145.8% compared to last year, with homes spending an average of 70 days on market, indicating 4.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.8x provides context for how home values compare to local earning capacity.
Homes for sale in Morehead City
There are currently 73 homes listed for sale in Morehead City, North Carolina. The median listing price is $415K.
Active listings
73
Homes on market
Median list price
$415K
Avg. days on market
70
Days until sale
New this week
19
Newly listed
Who lives in Morehead City?
Population
9,696
Median income
$53,718/yr
Median age
44.1 years
Owner-occupied
47.3%
College grads
34.6%
Avg commute
18.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Morehead City?
Zillow home value
$419,524
Zillow rent index
$1,638/mo
Price-to-rent ratio
21.3x
Price-to-income
7.8x
Source: Zillow Research
What is it like to live in Morehead City?
Morehead City is a community of approximately 10K residents with a median age of 44.1 years.The median household income is $53,718, which represents a working-class community with solid middle-income opportunities. 34.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 47.3%, showing a blend of owner and renter-occupied properties. The average commute time is 18.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Morehead City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morehead City?
5 schools tracked · 2,406 students
The largest public schools serving Morehead City, NC by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
West Carteret High
Grades 9-12 · 1,097 students
Morehead City Middle
Grades 6-8 · 524 students
Morehead City Primary
Grades PK-3 · 517 students
Morehead Elem at Camp Glenn
Grades 4-5 · 255 students
Bridges School
Grades 6-12 · 13 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Morehead City, NC?
Want a head-to-head view? Compare Morehead City side-by-side with any other U.S. city using our market-comparison tool.
Is Morehead City a good real estate investment market?
For investors evaluating Morehead City, the price-to-rent ratio of 21.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 145.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Morehead City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Morehead City's median home price.
Frequently asked questions
What is the average home price in Morehead City?
The median home sale price in Morehead City is $786,725, up 145.8% from last year.
How long do homes stay on market in Morehead City?
Homes typically spend 70 days on market before going under contract.
What is the median income in Morehead City?
The median household income is $53,718 per year.
Is Morehead City a buyer's or seller's market?
With 4.9 months of supply, Morehead City is currently a leaning buyer's.
What is the Zillow home value estimate for Morehead City?
The Zillow Home Value Index (ZHVI) for Morehead City is $419,524, representing the typical home value in the area.
What is the median condo price in Morehead City?
The median condo/co-op sale price in Morehead City, NC is $700,000, compared to $640,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Morehead City?
The median single-family home price in Morehead City, NC is $640,750 (about $285 per square foot).
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