$175,000
1.93 Acres
Land
Travis Eberly, Listing Office: Horning Farm Agency Inc
Is Morgantown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Morgantown was a Buyer'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, PA
How much do homes in Morgantown, PA cost?
Median Sold Price
$428,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+7.0%)
Key Takeaway
Homes in Morgantown have sold for 7% more than they did a year ago.
Summary: The median home sold price in Morgantown was $428,000 in October 2024, up 7% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $201.5K | $240.5K | +19.4% |
| 3 Bedrooms | $302K | $365K | +20.9% |
| 4 Bedrooms | $492.5K | $549.9K | +11.7% |
| 5+ Bedrooms | $625K | $560K | -10.4% |
Summary: Morgantown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Caernarvon Township | $303K | $365K | +20.5% |
| Morgantown | $400K | $428K | +7.0% |
| Caernarvon Township | $401.5K | $425K | +5.9% |
| Robeson Township | $454.9K | $365K | -19.8% |
Housing Supply in Morgantown, PA
How many homes are available in Morgantown, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Morgantown real estate market had 19 homes for sale in October 2024, a 26.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
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 increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morgantown, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Morgantown in October 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Morgantown, PA
How long does it take to sell a home in Morgantown, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 10 Days | 0.0% |
Summary: Homes in Morgantown had an average of 10 days on market in Oct 2024, the same as last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morgantown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Morgantown; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
