Is Morgan Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morgan Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Morgan Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Morgan Township, IN

How much do homes in Morgan Township, IN cost?

Median Sold Price

$364,900

$262/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$217,725(+147.9%)

Key Takeaway

Homes in Morgan Township have sold for 147.9% more than they did a month ago.

Summary: The median home sold price in Morgan Township was $364,900 in April 2024, up 147.9% from last month, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $164.9K-
N/A
2 --
N/A
3 $129.4K$364.9K
+181.9%
4 --
N/A
5+ --
N/A

Summary: Morgan Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 181.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Morgan Township
+147.9%
Poland
-80.0%
Jackson Township
-80.0%

Housing Supply in Morgan Township, IN

How many homes are available in Morgan Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
31-66.7%

Summary: The Morgan Township real estate market had 1 homes for sale in April 2024, a 66.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 00
0.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Morgan Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morgan Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Morgan Township in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Morgan Township, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 14 Days Ago

Newest Listings in Morgan Township, IN

Nearby Markets to Morgan Township, IN

What housing markets are near Morgan Township, IN?