Is Morgan County, 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, Morgan County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $550K | +189.5% |
2 Bedrooms | $250K | $285.7K | +14.3% |
3 Bedrooms | $329.5K | $321K | -2.6% |
4 Bedrooms | $367.4K | $352K | -4.2% |
5+ Bedrooms | $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 | $214.7K | $235K | +9.4% |
Logan County | $225K | $244K | +8.4% |
Morgan County | $331.8K | $341K | +2.8% |
Adams County | $508.3K | $509.5K | 0.2% |
Weld County | $481.9K | $479.6K | -0.5% |
Housing Supply in Morgan County, CO
How many homes are available in Morgan County, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
152 | 177 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 31 | 36 | +16.1% |
3 Bedrooms | 71 | 78 | +9.9% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 21 | 25 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 27 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 74 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
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.