Is Morgan County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Morgan County has remained a Seller's Market.
Housing Prices in Morgan County, GA
How much do homes in Morgan County, GA cost?
Median Sold Price
$450,805
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Morgan County was $450,805 in May 2024, down 2.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $243.2K | $300.2K | +23.4% |
2 Bedrooms | $290K | $290K | 0.0% |
3 Bedrooms | $400K | $376K | -6.0% |
4 Bedrooms | $485K | $492.9K | +1.6% |
5+ Bedrooms | $506K | $642.5K | +27.0% |
Summary: Morgan County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Counties
Greene County | $593.1K | $664.2K | +12.0% |
Putnam County | $370.9K | $405K | +9.2% |
Oconee County | $451.2K | $460K | +1.9% |
Walton County | $399.7K | $396.6K | -0.8% |
Morgan County | $462.2K | $450.8K | -2.5% |
Housing Supply in Morgan County, GA
How many homes are available in Morgan County, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
112 | 110 | -1.8% |
Summary: The Morgan County real estate market had 110 homes for sale in May 2024, a 1.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 59 | 52 | -11.9% |
4 Bedrooms | 30 | 26 | -13.3% |
5+ Bedrooms | 18 | 26 | +44.4% |
Summary: The Morgan County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 21 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Morgan County in May 2024, down by 25.0% month-over-month. Of the 17 sold homes, 53% were sold under asking, 35% were sold at asking, and 12% were sold over asking.
Days on Market for Morgan County, GA
How long does it take to sell a home in Morgan County, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 56 Days | +10.8% |
Summary: Homes in Morgan County had an average of 56 days on market in May 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Morgan County; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.