Is Morgan County, IN 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 March 2023

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.

Housing Prices in Morgan County, IN

How much do homes in Morgan County, IN cost?

Median Sold Price

$270,333

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,407(+2.0%)

Key Takeaway

Homes in Morgan County have sold for 2% more than they did a year ago.

Summary: The median home sold price in Morgan County was $270,333 in March 2024, up 2% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $105.7K$135K
+27.7%
2 $174.9K$200K
+14.4%
3 $250K$255.4K
+2.2%
4 $320K$305.3K
-4.6%
5+ $414K$356.4K
-13.9%

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 27.7%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 13.9%.

Median Sold Price Compared To Nearby Counties

Putnam County
+20.3%
Johnson County
+3.4%
Morgan County
+2.0%
Hendricks County
+1.7%

Housing Supply in Morgan County, IN

How many homes are available in Morgan County, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
252263+4.4%

Summary: The Morgan County real estate market had 263 homes for sale in March 2024, a 4.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 35
+66.7%
2 3228
-12.5%
3 135131
-3.0%
4 6377
+22.2%
5+ 1922
+15.8%

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 66.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 15.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6769+3.0%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

9 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. 55.1% of homes here sold below asking price last month.

Summary: A total of 69 homes were sold or pending in Morgan County in March 2024, up by 3.0% month-over-month. Of the 69 sold homes, 55% were sold under asking, 32% were sold at asking, and 13% were sold over asking.

Days on Market for Morgan County, IN

How long does it take to sell a home in Morgan County, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
51 Days48 Days-5.6%

Summary: Homes in Morgan County had an average of 48 days on market in Mar 2024, down by 5.6% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Morgan County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 69 homes were sold in Morgan County; 58% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% 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 18 Days Ago

Newest Listings in Morgan County, IN

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