$1,899 Closing Credit*
$159,900
1,309 SqFt
2 Beds
•2 Full Baths
Listing Office: Alabama First Choice Realty
Is Morgan County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Morgan County has remained a Seller's Market.
Key Takeaway
Morgan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morgan County, AL
How much do homes in Morgan County, AL cost?
Median Sold Price
$250,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,617(+1.1%)
Key Takeaway
Homes in Morgan County have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Morgan County was $250,000 in October 2024, up 1.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $168K | +76.8% |
| 2 Bedrooms | $160K | $166.4K | +4.0% |
| 3 Bedrooms | $233.9K | $235K | 0.5% |
| 4 Bedrooms | $325K | $353.6K | +8.8% |
| 5+ Bedrooms | $400K | $408K | +2.0% |
Summary: Morgan County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.8%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
| Marshall County | $239.9K | $249.7K | +4.1% |
| Morgan County | $247.3K | $250K | +1.1% |
| Madison County | $328.9K | $330K | 0.3% |
| Limestone County | $330K | $326.7K | -1.0% |
| Cullman County | $267K | $256.9K | -3.8% |
Housing Supply in Morgan County, AL
How many homes are available in Morgan County, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 523 | 562 | +7.5% |
Summary: The Morgan County real estate market had 562 homes for sale in October 2024, a 7.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 51 | 61 | +19.6% |
| 3 Bedrooms | 274 | 293 | +6.9% |
| 4 Bedrooms | 154 | 157 | +1.9% |
| 5+ Bedrooms | 42 | 47 | +11.9% |
Summary: The Morgan County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 11.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 97 | +5.4% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morgan County, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.
Summary: A total of 97 homes were sold or pending in Morgan County in October 2024, up by 5.4% month-over-month. Of the 97 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for Morgan County, AL
How long does it take to sell a home in Morgan County, AL?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morgan County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 97 homes were sold in Morgan County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
