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 seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Morgan County has remained a Seller's Market.

Key Takeaway

Morgan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Morgan County, CO cost?

Median Sold Price

$326,033

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$30,683(+10.4%)

Key Takeaway

Homes in Morgan County have sold for 10.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $159K$210K
+32.1%
2 $210K$241.7K
+15.1%
3 $271K$320K
+18.1%
4 $350K$350K
0.0%
5+ $357K$460K
+28.9%

Median Sold Price Compared To Nearby Counties

Adams County
+16.2%
Washington County
+15.5%
Weld County
+11.5%
Logan County
+11.1%
Morgan County
+10.4%

How many homes are available in Morgan County, CO?

Number of Homes For Sale

Oct 2022Nov 2022%
155153-1.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 12
+100.0%
2 2427
+12.5%
3 6460
-6.3%
4 4245
+7.1%
5+ 2419
-20.8%

Number of Homes Sold

Oct 2022Nov 2022%
2526+4.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 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. 57.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
36 Days30 Days-16.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Morgan County has remained consistent over time.

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

About Morgan County, CO

Morgan County, CO has 153 homes for sale to choose from. In November 2022 in Morgan County, CO there were 1.3% less homes for sale than in October 2022. In November 2022, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $326,033. Listing prices have changed in this real estate market between October 2022 and November 2022: the cost of 1 bedroom properties went up by 32.1%, 2 bedrooms properties became 15.1% more expensive, 3 bedrooms properties became 18.1% more expensive, 4 bedrooms properties did not move, the cost of 5 bedrooms properties went up by 28.9%. This housing market inventory have changed: 1 bedroom homes became 100% more available, 2 bedrooms homes inventory increased by 12.5%, volume of 3 bedrooms homes went down by 6.3%, volume of 4 bedrooms homes went up by 7.1%, the quantity of 5 bedrooms homes went down by 20.8%. In November 2022, from all listings sold in Morgan County, CO there were more than 8 sold above asking price, over 15 sold below and more than 3 were sold right at the asked price.

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