Is Morgan County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Morgan County has remained a Seller's Market.
Housing Prices in Morgan County, IL
How much do homes in Morgan County, IL cost?
Median Sold Price
$123,991
$82/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 $123,991 in April 2024, down 1% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37K | $45.7K | +23.6% |
2 Bedrooms | $88.3K | $92.5K | +4.8% |
3 Bedrooms | $137.2K | $140K | +2.0% |
4 Bedrooms | $158K | $173K | +9.5% |
5+ Bedrooms | $210K | $211K | 0.5% |
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 23.6%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Counties
Scott County | $77K | $121.7K | +58.1% |
Morgan County | $125.2K | $123.9K | -1.0% |
Housing Supply in Morgan County, IL
How many homes are available in Morgan County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 84 | +1.2% |
Summary: The Morgan County real estate market had 84 homes for sale in April 2024, a 1.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 16 | 23 | +43.8% |
3 Bedrooms | 38 | 36 | -5.3% |
4 Bedrooms | 22 | 18 | -18.2% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Morgan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 43.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 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 18.5% month-over-month. Of the 32 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for Morgan County, IL
How long does it take to sell a home in Morgan County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 30 Days | +72.8% |
Summary: Homes in Morgan County had an average of 30 days on market in Apr 2024, up by 72.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Morgan County; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.