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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morgan County is a seller's market

Buyer's
Market

Difference Since September 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, IN

How much do homes in Morgan County, IN cost?

Median Sold Price

$277,869

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$12,869(+4.9%)

Key Takeaway

Homes in Morgan County have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Morgan County was $277,869 in September 2024, up 4.9% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $88K$165K
+87.5%
2 $178.5K$205K
+14.8%
3 $251.3K$259.8K
+3.4%
4 $309.3K$319.5K
+3.3%
5+ $361.5K$359.4K
-0.6%

Summary: Morgan County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87.5%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Counties

Putnam County
+13.3%
Hendricks County
+5.2%
Morgan County
+4.9%
Johnson County
+4.5%

Housing Supply in Morgan County, IN

How many homes are available in Morgan County, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
434418-3.7%

Summary: The Morgan County real estate market had 418 homes for sale in September 2024, a 3.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 66
0.0%
2 4553
+17.8%
3 218201
-7.8%
4 133125
-6.0%
5+ 3233
+3.1%

Summary: The Morgan County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 3.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
94120+27.7%

Asking Price vs. Sold Price

71 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

21 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. 59.7% of homes here sold below asking price last month.

Summary: A total of 120 homes were sold or pending in Morgan County in September 2024, up by 27.7% month-over-month. Of the 119 sold homes, 60% were sold under asking, 23% were sold at asking, and 18% were sold over asking.

Days on Market for Morgan County, IN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
24 Days-38 Days-256.3%

Summary: Homes in Morgan County had an average of -38 days on market in Sep 2024, down by 256.3% compared to last year.

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

8 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 September 2024, 120 homes were sold in Morgan County; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 7% 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 29 Days Ago

Newest Listings in Morgan County, IN

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