Housing Prices in Morgan County, TN

How much do homes in Morgan County, TN cost?

Median List Price

$275,000

$183/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$40,000(+17.0%)

Key Takeaway

The list price of homes in Morgan County has increased by 17% since last year.

Summary: The median home list price in Morgan County was $275,000 in October 2024, up 17% from the previous year, and the median price per square foot was $183.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $172K$240K
+39.5%
2 $160K$174.9K
+9.3%
3 $232.5K$275K
+18.3%
4 $339.4K$339K
-0.1%
5+ $319.5K$550K
+72.1%

Summary: Morgan County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.5%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 18.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 72.1%.

Median List Price Compared To Nearby Counties

Scott County
+24.6%
Morgan County
+17.0%
Fentress County
+15.4%
Roane County
+12.7%
Cumberland County
+7.6%

Housing Supply in Morgan County, TN

How many homes are available in Morgan County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4846-4.2%

Summary: The Morgan County real estate market had 46 homes for sale in October 2024, a 4.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 96
-33.3%
3 2625
-3.8%
4 68
+33.3%
5+ 65
-16.7%

Summary: The Morgan County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 16.7%.

Days on Market for Morgan County, TN

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

Average Listing Age

Oct 2023Oct 2024CHANGE
121 Days86 Days-29.3%

Summary: Homes in Morgan County had an average listing age of 86 days in Oct 2024, down by 29.3% compared to the previous year.

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 Morgan County, TN

Nearby Markets to Morgan County, TN

What housing markets are near Morgan County, TN?