Is Morgan County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Morgan County was a Buyer's Market.
Housing Prices in Morgan County, CO
How much do homes in Morgan County, CO cost?
Median Sold Price
$339,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morgan County was $339,000 in April 2024, up 0.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173.5K | $250K | +44.1% |
2 Bedrooms | $257.3K | $240K | -6.7% |
3 Bedrooms | $329.7K | $313.3K | -5.0% |
4 Bedrooms | $369.5K | $353.5K | -4.3% |
5+ Bedrooms | $425K | $505.7K | +19.0% |
Summary: Morgan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.1%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Counties
Logan County | $234K | $239.6K | +2.4% |
Morgan County | $336.2K | $339K | +0.8% |
Adams County | $509.9K | $513.4K | +0.7% |
Weld County | $470K | $471.5K | 0.3% |
Housing Supply in Morgan County, CO
How many homes are available in Morgan County, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
151 | 167 | +10.6% |
Summary: The Morgan County real estate market had 167 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 29 | 29 | 0.0% |
3 Bedrooms | 66 | 73 | +10.6% |
4 Bedrooms | 32 | 32 | 0.0% |
5+ Bedrooms | 21 | 29 | +38.1% |
Summary: The Morgan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 38.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Morgan County in April 2024, up by 39.1% month-over-month. Of the 32 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% were sold over asking.
Days on Market for Morgan County, CO
How long does it take to sell a home in Morgan County, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
123 Days | 69 Days | -43.3% |
Summary: Homes in Morgan County had an average of 69 days on market in Apr 2024, down by 43.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Morgan County; 31% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.