$984 Closing Credit*
$82,900
2,120 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kerris Osborn, Listing Office: The Real Estate Group, Inc.
Is Morgan County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Morgan County has remained a Seller's Market.
Key Takeaway
Morgan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morgan County, IL
How much do homes in Morgan County, IL cost?
Median Sold Price
$133,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+3.9%)
Key Takeaway
Homes in Morgan County have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Morgan County was $133,000 in November 2024, up 3.9% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.7K | $61.7K | +35.0% |
| 2 Bedrooms | $89K | $94K | +5.6% |
| 3 Bedrooms | $139.5K | $139.9K | 0.3% |
| 4 Bedrooms | $187.2K | $195K | +4.1% |
| 5+ Bedrooms | $277.4K | $215K | -22.5% |
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 35%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 22.5%.
Median Sold Price Compared To Nearby Counties
| Scott County | $112.2K | $137.4K | +22.4% |
| Morgan County | $128K | $133K | +3.9% |
Housing Supply in Morgan County, IL
How many homes are available in Morgan County, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 106 | 98 | -7.5% |
Summary: The Morgan County real estate market had 98 homes for sale in November 2024, a 7.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 46 | 40 | -13.0% |
| 4 Bedrooms | 30 | 28 | -6.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
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 increased by 5%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 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. 62.1% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Morgan County in November 2024, down by 6.5% month-over-month. Of the 29 sold homes, 62% were sold under asking, 31% were sold at asking, and 7% were sold over asking.
Days on Market for Morgan County, IL
How long does it take to sell a home in Morgan County, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 75 Days | +328.0% |
Summary: Homes in Morgan County had an average of 75 days on market in Nov 2024, up by 328% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 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, 29 homes were sold in Morgan County; 55% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.