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Featured local agent — Morrisville, NC
Sarah Mitchell
Compass Real Estate · Morrisville, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morrisville, NC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$540,000median sale price
How is the Morrisville, NC housing market right now?
The median home sale price in Morrisville, NC is $540,000, down 3.4% year-over-year. Homes sell in an average of 45 days with 69 active listings. The market is currently a balanced market. (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 Morrisville a buyer's or seller's market?
Morrisville, NC is currently a balanced market, based on 4.3 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
45
Average pace
Active listings
69
4.3 months supply
Sale-to-list
97.4%
Below asking
What does the Morrisville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $540,000 |
| Median list price | $505,000 |
| Year-over-year price change | -3.4% |
| Average days on market | 45 days |
| Active inventory | 69 listings |
| Months of supply | 4.3 months |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $260/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 36 |
| Listings with a price cut | 43.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Morrisville by property type?
How the Morrisville, 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 | $695,000 | $284/sq ft | 11 | 42 days |
| Condo / Co-op | $287,500 | $229/sq ft | 1 | 50 days |
| Townhouse | $385,000 | $208/sq ft | 5 | 68 days |
Source: Redfin · Updated monthly
The Morrisville housing market is currently classified as a balanced market with a median sale price of $540,000. Prices have fallen 3.4% compared to last year, with homes spending an average of 45 days on market, indicating 4.3 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Morrisville
There are currently 69 homes listed for sale in Morrisville, North Carolina. The median listing price is $505K.
Active listings
69
Homes on market
Median list price
$505K
Avg. days on market
45
Days until sale
New this week
36
Newly listed
Who lives in Morrisville?
Population
30,471
Median income
$125,404/yr
Median age
34.5 years
Owner-occupied
48.8%
College grads
73.9%
Avg commute
20.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Morrisville?
Zillow home value
$481,243
Zillow rent index
$1,714/mo
Price-to-rent ratio
23.4x
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Morrisville?
Morrisville is a community of approximately 30K residents with a median age of 34.5 years.The median household income is $125,404, which reflects a relatively affluent area with strong earning potential. 73.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 48.8%, showing a blend of owner and renter-occupied properties. The average commute time is 20.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Morrisville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morrisville?
6 schools tracked · 3,689 students
The largest public schools serving Morrisville, 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.
Parkside Elementary
Grades PK-5 · 865 students
Cedar Fork Elementary
Grades PK-5 · 798 students
Morrisville Elementary
Grades K-5 · 665 students
Sterling Montessori Academy
Grades PK-8 · 634 students
Pleasant Grove Elementary
Grades PK-5 · 523 students
Wake EC of Information & Biotechnologies
Grades 9-12 · 204 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 Morrisville, NC?
Want a head-to-head view? Compare Morrisville side-by-side with any other U.S. city using our market-comparison tool.
Is Morrisville a good real estate investment market?
For investors evaluating Morrisville, the price-to-rent ratio of 23.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 3.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Morrisville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Morrisville's median home price.
Frequently asked questions
What is the average home price in Morrisville?
The median home sale price in Morrisville is $540,000, down 3.4% from last year.
How long do homes stay on market in Morrisville?
Homes typically spend 45 days on market before going under contract.
What is the median income in Morrisville?
The median household income is $125,404 per year.
Is Morrisville a buyer's or seller's market?
With 4.3 months of supply, Morrisville is currently a balanced market.
What is the Zillow home value estimate for Morrisville?
The Zillow Home Value Index (ZHVI) for Morrisville is $481,243, representing the typical home value in the area.
What is the median condo price in Morrisville?
The median condo/co-op sale price in Morrisville, NC is $287,500, compared to $695,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Morrisville?
The median single-family home price in Morrisville, NC is $695,000 (about $284 per square foot).
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