Is Morgantown, IN 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, Morgantown has remained a Seller's Market.
Housing Prices in Morgantown, IN
How much do homes in Morgantown, IN cost?
Median Sold Price
$336,587
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morgantown was $336,587 in March 2024, up 33.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $127K | -55.4% |
2 Bedrooms | $204.5K | $247.5K | +21.0% |
3 Bedrooms | $250K | $340.5K | +36.2% |
4 Bedrooms | $375K | $353K | -5.9% |
5+ Bedrooms | $632.5K | $700K | +10.7% |
Summary: Morgantown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.4%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 36.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
Morgantown | $191K | $330.5K | +73.1% |
Morgantown | $252K | $336.5K | +33.6% |
Jackson Township | $275K | $360K | +30.9% |
Hensley Township | $281K | $325K | +15.7% |
Housing Supply in Morgantown, IN
How many homes are available in Morgantown, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Summary: The Morgantown real estate market had 20 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Morgantown 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Morgantown in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 84 Days | +30.7% |
Summary: Homes in Morgantown had an average of 84 days on market in Mar 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Morgantown; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.