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·Morehead City Metro
NC

Morehead City Metro

Morehead City Metro Market Report

Top 10 ZIPs by size — 7.32% mortgage rate — Updated 10/27/2026

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Listings Flow Ladder — Morehead City

Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Sep 30, 2026

the basin is fillingnet 17 listings/mo
balanced 4–6 mo5.0 mo
Faucet — new listings
171/mo
93% of normal (184) · normal
Basin — active listings
768
69% of normal (1,117) · balanced
Months of supply
5 mo
derived — not published at this grain
Drain — closed sales
154/mo
100% of normal (153)
Net — faucet minus drain
+17/mo
filling
Reading
current
as of 2026-09-30
Compare against:
2015-01-01 to 2019-12-31 · 5 same-month points

How plugged is the drain? Two definitions, both ours, deliberately not reconciled.

  • 0%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
  • 0%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month

Closed sales over 24 months — two different numbers, deliberately not merged.

  • 7/mofall in the monthly rate (4%)— peak 160/mo (2026-08-31) to 154/mo now
  • 353transactions that did not happen— summed monthly shortfall vs the same-month normal, over 21 months below it (vs 2015-19 (COVID excluded))
  • rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.
2026-09-30

Redfin market data (county + ZIP), via Lotvox. As of 2026-09-30. Normal = same-month median of monthly rates, minimum 3 same-month points. Source window 3 months (flows shown per month). Aggregated over a fixed panel of 7 zips — the panel is fixed so a change in who reports cannot look like a change in the market. months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month.

Verified county coverage:Onslow County, NC

Tracked ZIPs
10
Avg Score
66
Avg Median
$311,728
Market
Buyer's
Avg Composite
66/100
Avg Median Price
$311,728
Avg Rent
$1,525/mo
Avg Burden
29.7%of income

Buyer Leverage — Should I Buy in Morehead City?

71
Avg Buyer Score
10 ZIPs analyzed
Strong Buyer
4
Moderate
3
Balanced
2
Seller Favored
1
Strong Seller
0
Best for Buyers
28594Emerald Isle98
28531Harkers Island96
28516Beaufort85
28557Morehead City78
Most Competitive
28528Beaufort43
28570Newport64

NEGOTIATE — most Morehead City ZIPs favor buyers

28540
Jacksonville, onslow county
71
Median Price
$258,680
YoY
+3.9%
Payment Burden
27.8%
Buy vs Rent
Neutral
Days on Market
54
Supply
2.6 mo
Rent
$1,397
Val. Gap
+17%
28546
Jacksonville, onslow county
60
Median Price
$266,662
YoY
+2.9%
Payment Burden
29%
Buy vs Rent
Neutral
Days on Market
50
Supply
3.6 mo
Rent
$1,462
Val. Gap
+84.5%
28460
Sneads Ferry, onslow county
56
Median Price
$400,942
YoY
+1.7%
Payment Burden
30.7%
Buy vs Rent
Neutral
Days on Market
99
Supply
7 mo
Rent
$1,901
Val. Gap
-33.8%
28574
Richlands, onslow county
76
Median Price
$275,414
YoY
+4.3%
Payment Burden
27.3%
Buy vs Rent
Buy
Days on Market
57
Supply
2.7 mo
Rent
$1,655
Val. Gap
—
28539
Hubert, onslow county
61
Median Price
$283,224
YoY
+3.2%
Payment Burden
30.5%
Buy vs Rent
Neutral
Days on Market
49
Supply
3.4 mo
Rent
$1,499
Val. Gap
-30.9%
28445
Holly Ridge, onslow county
49
Median Price
$523,909
YoY
+3.2%
Payment Burden
38.7%
Buy vs Rent
Rent
Days on Market
73
Supply
4.2 mo
Rent
$1,872
Val. Gap
-29.8%
28584
, carteret county
54
Median Price
$401,313
YoY
+1.2%
Payment Burden
32.4%
Buy vs Rent
Neutral
Days on Market
82
Supply
4.2 mo
Rent
$1,771
Val. Gap
-43.8%
28454
Maple Hill, onslow county
83
Median Price
$277,019
YoY
+4.6%
Payment Burden
26.5%
Buy vs Rent
Neutral
Days on Market
34
Supply
4.5 mo
Rent
$1,500
Val. Gap
—
28544
Midway Park, onslow county
74
Median Price
$200,327
YoY
+1.4%
Payment Burden
26.7%
Buy vs Rent
Buy
Days on Market
38
Supply
3.7 mo
Rent
$1,338
Val. Gap
—
28518
Beulaville, duplin county
76
Median Price
$229,794
YoY
+3.3%
Payment Burden
27.8%
Buy vs Rent
Rent
Days on Market
76
Supply
4.4 mo
Rent
$859
Val. Gap
—

Median price and 12-month change: Zillow Home Value Index (ZHVI); where a ZIP has no ZHVI value, the county assessor average. Days on market: Redfin Data Center, rolling 90 days; months of supply: Redfin Data Center. Rent: Zillow Observed Rent Index (ZORI); where a ZIP has no ZORI value, the Census ACS county rent.

Every ZIP market page in Morehead City Metro (12)