$4,749 Closing Credit*
$399,900
1,935 SqFt
4 Beds
•3 Full Baths
Listing Office: Re/Max Unlimited
Is Morgan County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Morgan County was a Seller's Market.
Key Takeaway
Morgan County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Morgan County, AL
How much do homes in Morgan County, AL cost?
Median Sold Price
$250,027
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$193(+0.1%)
Key Takeaway
The sold price of homes in Morgan County has remained the same since last year.
Summary: The median home sold price in Morgan County was $250,027 in November 2024, up 0.1% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $159K | +67.4% |
| 2 Bedrooms | $160K | $168.9K | +5.6% |
| 3 Bedrooms | $235K | $235K | 0.0% |
| 4 Bedrooms | $330.5K | $350.3K | +6.0% |
| 5+ Bedrooms | $414.5K | $411.5K | -0.7% |
Summary: Morgan County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.4%, 2 bedroom homes increased by 5.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Counties
| Marshall County | $240K | $254.9K | +6.2% |
| Cullman County | $264.9K | $267.4K | +1.0% |
| Madison County | $328.4K | $330.1K | 0.5% |
| Morgan County | $249.8K | $250K | 0.1% |
| Limestone County | $329.7K | $325K | -1.4% |
Housing Supply in Morgan County, AL
How many homes are available in Morgan County, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 536 | 531 | -0.9% |
Summary: The Morgan County real estate market had 531 homes for sale in November 2024, a 0.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 59 | 58 | -1.7% |
| 3 Bedrooms | 283 | 276 | -2.5% |
| 4 Bedrooms | 149 | 153 | +2.7% |
| 5+ Bedrooms | 41 | 40 | -2.4% |
Summary: The Morgan County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 85 | -17.5% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
14 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. 64.7% of homes here sold below asking price last month.
Summary: A total of 85 homes were sold or pending in Morgan County in November 2024, down by 17.5% month-over-month. Of the 85 sold homes, 65% were sold under asking, 19% 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?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 21 Days | -67.2% |
Summary: Homes in Morgan County had an average of 21 days on market in Nov 2024, down by 67.2% compared to last year.
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 November 2024, 85 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.
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.