Is Morgantown, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morgantown is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Morgantown, IN

How much do homes in Morgantown, IN cost?

Median Sold Price

$336,175

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$132,000(+64.7%)

Key Takeaway

Homes in Morgantown have sold for 64.7% more than they did a year ago.

Summary: The median home sold price in Morgantown was $336,175 in April 2024, up 64.7% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $80K$228K
+185.0%
2 $219.5K$236.7K
+7.9%
3 $209.2K$359.5K
+71.8%
4 $182K$353K
+94.0%
5+ -$620K
N/A

Summary: Morgantown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 185%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 71.8%, 4 bedroom homes increased by 94%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Morgantown
+64.7%
Morgantown
+34.3%
Hensley Township
+20.6%

Housing Supply in Morgantown, IN

How many homes are available in Morgantown, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2228+27.3%

Summary: The Morgantown real estate market had 28 homes for sale in April 2024, a 27.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 610
+66.7%
3 910
+11.1%
4 44
0.0%
5+ 12
+100.0%

Summary: The Morgantown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
211+450.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morgantown, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Morgantown in April 2024, up by 450.0% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.

Days on Market for Morgantown, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
84 Days32 Days-61.1%

Summary: Homes in Morgantown had an average of 32 days on market in Apr 2024, down by 61.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 11 homes were sold in Morgantown; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

Newest Listings in Morgantown, IN

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