Is Fort Morgan, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fort Morgan has remained a Neutral Market.
Housing Prices in Fort Morgan, CO
How much do homes in Fort Morgan, CO cost?
Median Sold Price
$315,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fort Morgan was $315,500 in April 2024, down 0.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $610K | +430.4% |
2 Bedrooms | $238.5K | $205.5K | -13.8% |
3 Bedrooms | $284K | $305K | +7.4% |
4 Bedrooms | $349.5K | $339.5K | -2.9% |
5+ Bedrooms | $417.4K | $398K | -4.7% |
Summary: Fort Morgan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 430.4%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in Fort Morgan, CO
How many homes are available in Fort Morgan, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 69 | +4.5% |
Summary: The Fort Morgan real estate market had 69 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 18 | 15 | -16.7% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Fort Morgan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Fort Morgan in April 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Fort Morgan, CO
How long does it take to sell a home in Fort Morgan, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
91 Days | 81 Days | -10.8% |
Summary: Homes in Fort Morgan had an average of 81 days on market in Apr 2024, down by 10.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Fort Morgan; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.