Is Morgan County, IN 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, Morgan County has remained a Seller's Market.
Housing Prices in Morgan County, IN
How much do homes in Morgan County, IN cost?
Median Sold Price
$274,833
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morgan County was $274,833 in April 2024, up 4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105.7K | $154.5K | +46.1% |
2 Bedrooms | $175K | $200K | +14.3% |
3 Bedrooms | $250K | $256.4K | +2.5% |
4 Bedrooms | $320K | $309.9K | -3.1% |
5+ Bedrooms | $414K | $350K | -15.5% |
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 46.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Counties
Putnam County | $206.3K | $244.9K | +18.7% |
Morgan County | $264.2K | $274.8K | +4.0% |
Johnson County | $290.5K | $299.9K | +3.2% |
Hendricks County | $319.4K | $328.6K | +2.9% |
Housing Supply in Morgan County, IN
How many homes are available in Morgan County, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
275 | 296 | +7.6% |
Summary: The Morgan County real estate market had 296 homes for sale in April 2024, a 7.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 31 | 34 | +9.7% |
3 Bedrooms | 133 | 147 | +10.5% |
4 Bedrooms | 84 | 86 | +2.4% |
5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Morgan County 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 9.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 79 | +16.2% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Morgan County in April 2024, up by 16.2% month-over-month. Of the 79 sold homes, 49% were sold under asking, 28% were sold at asking, and 23% were sold over asking.
Days on Market for Morgan County, IN
How long does it take to sell a home in Morgan County, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 47 Days | +56.3% |
Summary: Homes in Morgan County had an average of 47 days on market in Apr 2024, up by 56.3% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 79 homes were sold in Morgan County; 58% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.