Is Morgan County, WV 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 September 2021

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.

How much do homes in Morgan County, WV cost?

Median Sold Price

$254,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$21,500(+9.2%)

Key Takeaway

Homes in Morgan County have sold for 9.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $140K$148K
+5.7%
2 $169.9K$205K
+20.7%
3 $239.5K$273.5K
+14.2%
4 $279K$356.1K
+27.6%
5+ $355K$542.9K
+52.9%

Median Sold Price Compared To Nearby Counties

Hampshire County
+20.0%
Berkeley County
+13.4%
Morgan County
+9.2%
Washington County
+8.0%
Allegany County
+6.2%

How many homes are available in Morgan County, WV?

Number of Homes For Sale

Aug 2022Sep 2022%
137124-9.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 109
-10.0%
2 2119
-9.5%
3 7874
-5.1%
4 2115
-28.6%
5+ 77
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
2821-25.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 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. 52.4% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
46 Days35 Days-23.4%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Morgan County, WV

Homes for sale in Morgan County, WV have reached 124. The inventory of homes for sale in Morgan County, WV between August 2022 and September 2022 decreased by 9.5%. The median list price of listings available in September 2022 was $254,000, while the average time on the real estate market was 35 days. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties increased by 5.7%, prices of 2 bedrooms properties went up by 20.7%, prices of 3 bedrooms properties increased by 14.2%, 4 bedrooms properties became 27.6% more expensive, prices of 5 bedrooms properties increased by 52.9%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 10%, number of 2 bedrooms homes decreased by 9.5%, number of 3 bedrooms homes decreased by 5.1%, the quantity of 4 bedrooms homes went down by 28.6%, the quantity of 5 bedrooms homes have not changed. Over 3 listings were sold over their listed price in September 2022 in Morgan County, WV. In the same period over 11 listings were sold below the listed price and 7 listings were sold for the listed price.

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