Is Fort Morgan, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Fort Morgan was a Seller's Market.
Housing Prices in Fort Morgan, CO
How much do homes in Fort Morgan, CO cost?
Median Sold Price
$316,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fort Morgan was $316,000 in March 2024, up 0.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.5K | $610K | +253.6% |
2 Bedrooms | $246.2K | $206K | -16.3% |
3 Bedrooms | $297.5K | $305K | +2.5% |
4 Bedrooms | $350K | $335K | -4.3% |
5+ Bedrooms | $425K | $398K | -6.4% |
Summary: Fort Morgan housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 253.6%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 6.4%.
Housing Supply in Fort Morgan, CO
How many homes are available in Fort Morgan, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 80 | +9.6% |
Summary: The Fort Morgan real estate market had 80 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 29 | 31 | +6.9% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Fort Morgan housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Fort Morgan in March 2024, down by 26.7% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for Fort Morgan, CO
How long does it take to sell a home in Fort Morgan, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 58 Days | -20.2% |
Summary: Homes in Fort Morgan had an average of 58 days on market in Mar 2024, down by 20.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Fort Morgan; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.