Morrisville home prices rise in the first half of 2017

Morrisville home prices rise in the first half of 2017
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The median sale price of a home sold in the first half of 2017 in Morrisville rose by $1,500 while total sales decreased by 43.4%, according to BlockShopper.com.

From January through June of 2017, there were 129 homes sold, with a median sale price of $295,000 – a 0.5% increase over the $293,500 median sale price for the same period of the previous year. There were 228 homes sold in Morrisville in the first half of 2016.

The median sales tax in Morrisville for the most recent year with available data, 2016, was $2,882, approximately 1% of the median home sale price for the first half of 2017.

The following table compares Morrisville to other Wake County cities with similar median sales prices in the first half of 2017:

City Jan. – June 2017 Home Sales Jan. – June 2016 Home Sales % change (Total Home Sales) Jan. – June 2017 Median Sales Price Jan. – June 2016 Median Sales Price % change (Median Sales Price)
Rolesville 74 120 -38.3% $310,000 $315,250 -1.7%
Medfield Estates 4 1 300% $305,000 $290,000 5.2%
Wake Forest 387 581 -33.4% $300,000 $298,000 0.7%
Holly Springs 344 573 -40% $300,000 $309,500 -3.1%
Apex 431 614 -29.8% $299,000 $315,000 -5.1%
Morrisville 129 228 -43.4% $295,000 $293,500 0.5%
Durham 4 21 -81% $281,500 $250,500 12.4%
Timberlake 2 6 -66.7% $268,500 $223,750 20%
Fuquay-Varina 321 574 -44.1% $246,000 $249,500 -1.4%
Raleigh 3,164 3,814 -17% $244,500 $225,750 8.3%
Angier 8 17 -52.9% $236,000 $250,000 -5.6%


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