Is Morgan County, WV 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, WV
How much do homes in Morgan County, WV cost?
Median Sold Price
$285,500
$178/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 $285,500 in April 2024, down 1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158.5K | $170K | +7.2% |
2 Bedrooms | $240K | $215K | -10.4% |
3 Bedrooms | $286K | $294.5K | +3.0% |
4 Bedrooms | $395K | $347.5K | -12.0% |
5+ Bedrooms | $585K | $360K | -38.5% |
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 7.2%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 38.5%.
Median Sold Price Compared To Nearby Counties
Hampshire County | $207K | $244.9K | +18.3% |
Washington County | $279.9K | $310K | +10.7% |
Berkeley County | $277.4K | $292.2K | +5.3% |
Allegany County | $135K | $135K | 0.0% |
Morgan County | $288.5K | $285.5K | -1.0% |
Housing Supply in Morgan County, WV
How many homes are available in Morgan County, WV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 99 | +15.1% |
Summary: The Morgan County real estate market had 99 homes for sale in April 2024, a 15.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 37 | 44 | +18.9% |
4 Bedrooms | 23 | 23 | 0.0% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Morgan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 18.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Morgan County in April 2024, up by 43.8% month-over-month. Of the 23 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for Morgan County, WV
How long does it take to sell a home in Morgan County, WV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 44 Days | -1.2% |
Summary: Homes in Morgan County had an average of 44 days on market in Apr 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Morgan County; 65% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.