Is Morgan County, IN 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

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.

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

+$10,619(+4.0%)

Key Takeaway

Homes in Morgan County have sold for 4% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $105.7K$154.5K
+46.1%
2 $175K$200K
+14.3%
3 $250K$256.4K
+2.5%
4 $320K$309.9K
-3.1%
5+ $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
+18.7%
Morgan County
+4.0%
Johnson County
+3.2%
Hendricks County
+2.9%

Housing Supply in Morgan County, IN

How many homes are available in Morgan County, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
275296+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

# BEDSMar 2024Apr 2024CHANGE
1 66
0.0%
2 3134
+9.7%
3 133147
+10.5%
4 8486
+2.4%
5+ 2123
+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 2024Apr 2024CHANGE
6879+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morgan County, you may be able to get a good deal. 49.4% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
30 Days47 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Morgan County are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 6 Days Ago

Newest Listings in Morgan County, IN

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