Market Intelligence Report — NC-980

Morehead City, NC

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NC-09
As of the latest 2026 data
Cooling

Median Listing

$567K
-1.4% YoY

Pending Ratio

0.30
-5.3% YoY

Active Inventory

662
+12.4% YoY

Median DOM

95 Days
+6.8% YoY

Primary Intelligence Tool — Sold Score™

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Morehead City, NC, is experiencing a cooling trend, evidenced by a pending ratio of 0.30. This absorption rate indicates that demand is lagging the available inventory, which has expanded by 12.4% year-over-year to 662 active listings.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Morehead City market right now.

Active listings have increased by 12.4% over the past year, reaching 662 units. Concurrently, new listings saw an 8.3% year-over-year decline. The median listing price has shown modest appreciation of 0.9% month-over-month but a slight year-over-year contraction of 1.4%, while median days on market extended by 6.8% over the past year, reaching 95 days. The pending ratio has declined by 5.3% year-over-year.

Historical Analysis

Market Trends

Median Price

$567K+0.9% MoM

Active Inventory

662+12.4% YoY

Days on Market

95+6.8% YoY

Sold Score™

41-5.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

41
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.30 and an expanding active listing count, inventory pressure is accumulating. This dynamic typically favors purchasers seeking more consideration on price and terms, allowing for greater discipline in negotiations. The extended median days on market further supports this trend.

Luxury Segment

The average listing price in Morehead City, NC, is $770,154, significantly higher than the median listing price of $567,000, indicating a substantial spread. The average listing price has declined by 3.0% year-over-year, suggesting some softness in the higher-priced segments of the market.

Supply Dynamics

662 active listings represent the current floor, with new supply arriving at roughly 132 per month.

Pricing Pressure
15.7%

of active listings carry a price reduction, -2.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +6.6% year-over-year.

Absorption
0.30

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Morehead City, NC? Homes here are taking 6 days longer to sell than last year.

Buyers have leverage in Morehead City, NC. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
30%
Median Days on Market
95 days
Inventory YoY
+12%

In a buyer's market, strategy beats timing. See how your home scores in Morehead City, NC and what moves the number.

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Metro Demographics

Metro Area
Morehead City, NC
CBSA Code
33980
State
NC