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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morgan County is a neutral'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, CO

How much do homes in Morgan County, CO cost?

Median Sold Price

$348,650

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,650(+4.1%)

Key Takeaway

Homes in Morgan County have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Morgan County was $348,650 in November 2024, up 4.1% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $245K$250K
+2.0%
2 $240K$245K
+2.1%
3 $318.5K$345K
+8.3%
4 $355K$384K
+8.2%
5+ $462.5K$460K
-0.5%

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 2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Counties

Weld County
+5.0%
Morgan County
+4.1%
Logan County
+4.1%
Adams County
+2.2%

Housing Supply in Morgan County, CO

How many homes are available in Morgan County, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
197204+3.6%

Summary: The Morgan County real estate market had 204 homes for sale in November 2024, a 3.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 4040
0.0%
3 7676
0.0%
4 4850
+4.2%
5+ 2935
+20.7%

Summary: The Morgan County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 20.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3632-11.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morgan County, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Morgan County in November 2024, down by 11.1% month-over-month. Of the 32 sold homes, 44% were sold under asking, 41% were sold at asking, and 16% were sold over asking.

Days on Market for Morgan County, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days49 Days+41.7%

Summary: Homes in Morgan County had an average of 49 days on market in Nov 2024, up by 41.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 32 homes were sold in Morgan County; 50% of homes were sold within 30 days, 31% 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 20 Days Ago

Newest Listings in Morgan County, CO

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What housing markets are near Morgan County, CO?