Is Morgan County, CO 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 April 2023

At the same time last year, Morgan County was a Buyer's Market.

Key Takeaway

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

Housing Prices in Morgan County, CO

How much do homes in Morgan County, CO cost?

Median Sold Price

$339,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$2,750(+0.8%)

Key Takeaway

Homes in Morgan County have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Morgan County was $339,000 in April 2024, up 0.8% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $173.5K$250K
+44.1%
2 $257.3K$240K
-6.7%
3 $329.7K$313.3K
-5.0%
4 $369.5K$353.5K
-4.3%
5+ $425K$505.7K
+19.0%

Summary: Morgan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.1%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 19%.

Median Sold Price Compared To Nearby Counties

Logan County
+2.4%
Morgan County
+0.8%
Adams County
+0.7%
Weld County
0.3%

Housing Supply in Morgan County, CO

How many homes are available in Morgan County, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
151167+10.6%

Summary: The Morgan County real estate market had 167 homes for sale in April 2024, a 10.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 34
+33.3%
2 2929
0.0%
3 6673
+10.6%
4 3232
0.0%
5+ 2129
+38.1%

Summary: The Morgan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 38.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2332+39.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 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. 53.1% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Morgan County in April 2024, up by 39.1% month-over-month. Of the 32 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% were sold over asking.

Days on Market for Morgan County, CO

How long does it take to sell a home in Morgan County, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
123 Days69 Days-43.3%

Summary: Homes in Morgan County had an average of 69 days on market in Apr 2024, down by 43.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Morgan County has remained consistent over time.

Summary: During April 2024, 32 homes were sold in Morgan County; 31% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 28% 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 1 Day Ago

Newest Listings in Morgan County, CO

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