Is Morgan County, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Morgan County was a Seller's Market.
Housing Prices in Morgan County, WV
How much do homes in Morgan County, WV cost?
Median Sold Price
$285,500
$178/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 $285,500 in May 2024, down 0.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166.5K | $170K | +2.0% |
2 Bedrooms | $232K | $212K | -8.6% |
3 Bedrooms | $294K | $289.9K | -1.4% |
4 Bedrooms | $389K | $360K | -7.5% |
5+ Bedrooms | $585K | $410K | -29.9% |
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 2%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 29.9%.
Median Sold Price Compared To Nearby Counties
Hampshire County | $207.5K | $249.9K | +20.4% |
Washington County | $282.5K | $310K | +9.7% |
Berkeley County | $280.5K | $294.6K | +5.0% |
Allegany County | $132.4K | $135.1K | +2.0% |
Morgan County | $286.5K | $285.5K | -0.3% |
Housing Supply in Morgan County, WV
How many homes are available in Morgan County, WV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 108 | +11.3% |
Summary: The Morgan County real estate market had 108 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 42 | 54 | +28.6% |
4 Bedrooms | 21 | 18 | -14.3% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Morgan County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 6 | -73.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Morgan County in May 2024, down by 73.9% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Morgan County, WV
How long does it take to sell a home in Morgan County, WV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 28 Days | -28.2% |
Summary: Homes in Morgan County had an average of 28 days on market in May 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Morgan County; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.