Is Morgan Township, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morgan Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Morgan Township was a Buyer's Market.

Key Takeaway

Morgan Township 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 Township, AR

How much do homes in Morgan Township, AR cost?

Median Sold Price

$95,000

$60/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$584,500(-86.0%)

Key Takeaway

Homes in Morgan Township have sold for 86% less than they did a month ago.

Summary: The median home sold price in Morgan Township was $95,000 in December 2024, down 86% from last month, and the median price per square foot was $60.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$81.5K
N/A
3 $679.5K-
N/A
4 -$292K
N/A
5+ --
N/A

Summary: Morgan Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fairfield Bay
-13.8%
Morgan Township
-86.0%

Housing Supply in Morgan Township, AR

How many homes are available in Morgan Township, AR?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2021+5.0%

Summary: The Morgan Township real estate market had 21 homes for sale in December 2024, a 5.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 63
-50.0%
4 58
+60.0%
5+ 11
0.0%

Summary: The Morgan Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morgan Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Morgan Township in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Morgan Township, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Morgan Township, AR

Nearby Markets to Morgan Township, AR

What housing markets are near Morgan Township, AR?