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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morgantown is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Morgantown has remained a Seller's Market.

Key Takeaway

Morgantown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Morgantown, IN

How much do homes in Morgantown, IN cost?

Median Sold Price

$328,500

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,600(+9.5%)

Key Takeaway

Homes in Morgantown have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Morgantown was $328,500 in October 2024, up 9.5% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $241K$230K
-4.6%
2 $214.5K$252K
+17.5%
3 $315K$317.5K
+0.8%
4 $353K$530K
+50.1%
5+ $700K$541.5K
-22.6%

Summary: Morgantown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 50.1%, and 5+ bedroom homes decreased by 22.6%.

Median Sold Price Compared To Nearby Cities

Jackson Township
+72.0%
Morgantown
+22.4%
Morgantown
+9.5%
Jackson Township
+8.2%
Hensley Township
+2.0%

Housing Supply in Morgantown, IN

How many homes are available in Morgantown, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1926+36.8%

Summary: The Morgantown real estate market had 26 homes for sale in October 2024, a 36.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 109
-10.0%
3 57
+40.0%
4 26
+200.0%
5+ 13
+200.0%

Summary: The Morgantown 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 decreased by 10%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 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, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Morgantown in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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

Oct 2023Oct 2024CHANGE
57 Days25 Days-56.5%

Summary: Homes in Morgantown had an average of 25 days on market in Oct 2024, down by 56.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were 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 October 2024, 6 homes were sold in Morgantown; 50% of homes were sold within 30 days, 33% 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 20 Days Ago

Newest Listings in Morgantown, IN

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