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 buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Fort Morgan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fort Morgan, CO

How much do homes in Fort Morgan, CO cost?

Median Sold Price

$319,500

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$500(-0.2%)

Key Takeaway

The sold price of homes in Fort Morgan has remained the same since last year.

Summary: The median home sold price in Fort Morgan was $319,500 in October 2024, down 0.2% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $610K-
N/A
2 $240K$250K
+4.2%
3 $305K$306.5K
0.5%
4 $343.5K$354.1K
+3.1%
5+ $420K$389K
-7.4%

Summary: Fort Morgan housing prices by bedroom type for October 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 0.5%, 4 bedroom homes increased by 3.1%, 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

Sep 2024Oct 2024CHANGE
8098+22.5%

Summary: The Fort Morgan real estate market had 98 homes for sale in October 2024, a 22.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1318
+38.5%
3 3439
+14.7%
4 2729
+7.4%
5+ 511
+120.0%

Summary: The Fort Morgan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 120%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
11110.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was 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. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Fort Morgan in October 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% 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

Oct 2023Oct 2024CHANGE
38 Days73 Days+90.4%

Summary: Homes in Fort Morgan had an average of 73 days on market in Oct 2024, up by 90.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fort Morgan has remained consistent over time.

Summary: During October 2024, 11 homes were sold in Fort Morgan; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% 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 20 Days Ago

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