Is Fort Morgan, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Morgan is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Fort Morgan was a Seller's Market.

Key Takeaway

Fort Morgan 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 Fort Morgan, CO

How much do homes in Fort Morgan, CO cost?

Median Sold Price

$329,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,000(+3.8%)

Key Takeaway

Homes in Fort Morgan have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Fort Morgan was $329,000 in November 2024, up 3.8% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $610K-
N/A
2 $240K$250K
+4.2%
3 $305K$305.7K
0.2%
4 $343.5K$371.5K
+8.2%
5+ $420K$389K
-7.4%

Summary: Fort Morgan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 7.4%.

Housing Supply in Fort Morgan, CO

How many homes are available in Fort Morgan, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
87102+17.2%

Summary: The Fort Morgan real estate market had 102 homes for sale in November 2024, a 17.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 1618
+12.5%
3 3237
+15.6%
4 2830
+7.1%
5+ 1015
+50.0%

Summary: The Fort Morgan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1216+33.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Morgan, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Fort Morgan in November 2024, up by 33.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.

Days on Market for Fort Morgan, CO

How long does it take to sell a home in Fort Morgan, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
50 Days53 Days+5.0%

Summary: Homes in Fort Morgan had an average of 53 days on market in Nov 2024, up by 5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fort Morgan are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in Fort Morgan; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

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