Is Morgan County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morgan County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Morgan County was a Seller's Market.

Key Takeaway

Morgan County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Morgan County, CO

How much do homes in Morgan County, CO cost?

Median Sold Price

$341,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,166(+2.8%)

Key Takeaway

Homes in Morgan County have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Morgan County was $341,000 in March 2024, up 2.8% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $190K$550K
+189.5%
2 $250K$285.7K
+14.3%
3 $329.5K$321K
-2.6%
4 $367.4K$352K
-4.2%
5+ $470K$485K
+3.2%

Summary: Morgan County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 189.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Counties

Washington County
+9.4%
Logan County
+8.4%
Morgan County
+2.8%
Adams County
0.2%
Weld County
-0.5%

Housing Supply in Morgan County, CO

How many homes are available in Morgan County, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
152177+16.4%

Summary: The Morgan County real estate market had 177 homes for sale in March 2024, a 16.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 3136
+16.1%
3 7178
+9.9%
4 2736
+33.3%
5+ 2125
+19.0%

Summary: The Morgan County 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 16.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
27270.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morgan County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Morgan County in March 2024, the same as the previous month. Of the 27 sold homes, 56% were sold under asking, 15% were sold at asking, and 30% 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

Mar 2023Mar 2024CHANGE
65 Days74 Days+13.1%

Summary: Homes in Morgan County had an average of 74 days on market in Mar 2024, up by 13.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Morgan County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 27 homes were sold in Morgan County; 37% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Morgan County, CO

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