Is Morgantown, 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, Morgantown has remained a Seller's Market.
Housing Prices in Morgantown, IN
How much do homes in Morgantown, IN cost?
Median Sold Price
$338,500
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morgantown was $338,500 in April 2024, up 34.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $228K | -20.0% |
2 Bedrooms | $214K | $254K | +18.7% |
3 Bedrooms | $252.5K | $365K | +44.6% |
4 Bedrooms | $375K | $366K | -2.4% |
5+ Bedrooms | $632.5K | $620K | -2.0% |
Summary: Morgantown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 44.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
Morgantown | $204.1K | $336.1K | +64.7% |
Morgantown | $252K | $338.5K | +34.3% |
Jackson Township | $277.5K | $362.5K | +30.6% |
Hensley Township | $272K | $328K | +20.6% |
Housing Supply in Morgantown, IN
How many homes are available in Morgantown, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Summary: The Morgantown real estate market had 29 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Morgantown 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 66.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 12 | +300.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Morgantown in April 2024, up by 300.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Morgantown, IN
How long does it take to sell a home in Morgantown, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 34 Days | -58.9% |
Summary: Homes in Morgantown had an average of 34 days on market in Apr 2024, down by 58.9% compared to last year.
Breakdown of Home Sale Times
6 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, 12 homes were sold in Morgantown; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.