Is Morgantown, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morgantown is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Morgantown was a Neutral Market.

Key Takeaway

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

Housing Prices in Morgantown, IN

How much do homes in Morgantown, IN cost?

Median Sold Price

$330,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,250(+13.5%)

Key Takeaway

Homes in Morgantown have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Morgantown was $330,000 in November 2024, up 13.5% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $127K$229K
+80.3%
2 $219.5K$252K
+14.8%
3 $293.2K$345K
+17.6%
4 $340K$515K
+51.5%
5+ $700K$541.5K
-22.6%

Summary: Morgantown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.3%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 51.5%, and 5+ bedroom homes decreased by 22.6%.

Median Sold Price Compared To Nearby Cities

Jackson Township
+56.3%
Morgantown
+13.5%
Morgantown
+5.9%

Housing Supply in Morgantown, IN

How many homes are available in Morgantown, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2518-28.0%

Summary: The Morgantown real estate market had 18 homes for sale in November 2024, a 28.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 95
-44.4%
3 54
-20.0%
4 87
-12.5%
5+ 32
-33.3%

Summary: The Morgantown 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 decreased by 44.4%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morgantown, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Morgantown in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Morgantown, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days20 Days-51.8%

Summary: Homes in Morgantown had an average of 20 days on market in Nov 2024, down by 51.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Morgantown; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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