The typical home value in
Morehead City
is projected to be
$366,250
for the month of
December.
November’s
finalized data reported the typical value of a home in the
city
to be
$345,000—down
48.89%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$427,000
in
Carteret County
for the most recent reporting period.
That number is expected to float around
$403,000
in
December.
Morehead City
had
13
new listings and
14
listings that went under contract in
November,
increasing
the area’s total available inventory to
69—up
2.99%
from the previous month. Inventory is projected to have further
increased
in
December.
Of those
69
active listings,
14.49%
reduced their price in the month of
November.
The median listing price for homes in
Morehead City
fell
15.97%
from
October
to
November,
bringing the current median listing price to
$500,000.
Based on projected data for
December,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
November 2025,
the median time for a listed property to go pending was
32
days, compared to
29
days in
November 2024.
However, in recent months the median number of days from listed to pending appears to be
rising.
That trend is predicted to have carried through to this
December.
