Is Morgan County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Morgan County has remained a Seller's Market.
Housing Prices in Morgan County, GA
How much do homes in Morgan County, GA cost?
Median Sold Price
$466,250
$192/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 $466,250 in March 2024, up 4.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207K | $241.5K | +16.7% |
2 Bedrooms | $290K | $300K | +3.4% |
3 Bedrooms | $392.5K | $369K | -6.0% |
4 Bedrooms | $477.5K | $498K | +4.3% |
5+ Bedrooms | $533.3K | $539.9K | +1.2% |
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 16.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Counties
Morgan County | $446.4K | $466.2K | +4.4% |
Putnam County | $400K | $405K | +1.3% |
Walton County | $394.1K | $394.9K | 0.2% |
Oconee County | $465.6K | $459.1K | -1.4% |
Greene County | $662.1K | $641K | -3.2% |
Housing Supply in Morgan County, GA
How many homes are available in Morgan County, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 105 | +23.5% |
Summary: The Morgan County real estate market had 105 homes for sale in March 2024, a 23.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 9 | 5 | -44.4% |
3 Bedrooms | 42 | 60 | +42.9% |
4 Bedrooms | 23 | 24 | +4.3% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Morgan County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 44.4%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Morgan County in March 2024, up by 29.4% month-over-month. Of the 21 sold homes, 67% were sold under asking, 29% were sold at asking, and 5% were sold over asking.
Days on Market for Morgan County, GA
How long does it take to sell a home in Morgan County, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 81 Days | +8.4% |
Summary: Homes in Morgan County had an average of 81 days on market in Mar 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Morgan County; 50% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.