Is Morgan County, GA 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, GA
How much do homes in Morgan County, GA cost?
Median Sold Price
$462,000
$197/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 $462,000 in April 2024, up 1.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $226.7K | $241.5K | +6.5% |
2 Bedrooms | $290K | $300K | +3.4% |
3 Bedrooms | $400K | $359.9K | -10.0% |
4 Bedrooms | $485K | $499.4K | +3.0% |
5+ Bedrooms | $513.6K | $589.9K | +14.8% |
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 6.5%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Counties
Putnam County | $400K | $406.6K | +1.7% |
Morgan County | $456.6K | $462K | +1.2% |
Walton County | $394.9K | $395.2K | 0.1% |
Oconee County | $460.5K | $456.6K | -0.8% |
Greene County | $698.4K | $610K | -12.7% |
Housing Supply in Morgan County, GA
How many homes are available in Morgan County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 115 | +10.6% |
Summary: The Morgan County real estate market had 115 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 55 | 59 | +7.3% |
4 Bedrooms | 26 | 31 | +19.2% |
5+ Bedrooms | 15 | 18 | +20.0% |
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 decreased by 16.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 27 | +22.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Morgan County in April 2024, up by 22.7% month-over-month. Of the 25 sold homes, 48% were sold under asking, 36% were sold at asking, and 16% were sold over asking.
Days on Market for Morgan County, GA
How long does it take to sell a home in Morgan County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 21 Days | -61.2% |
Summary: Homes in Morgan County had an average of 21 days on market in Apr 2024, down by 61.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Morgan County; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.