Is Morgantown, PA 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, PA
How much do homes in Morgantown, PA cost?
Median Sold Price
$442,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morgantown was $442,500 in April 2024, up 45.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $240.5K | +11.9% |
3 Bedrooms | $302.5K | $312.5K | +3.3% |
4 Bedrooms | $485K | $527.4K | +8.8% |
5+ Bedrooms | $570K | $567.5K | -0.4% |
Summary: Morgantown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Morgantown | $305K | $442.5K | +45.1% |
Caernarvon Township | $299.5K | $335K | +11.9% |
Robeson Township | $426K | $437.5K | +2.7% |
Housing Supply in Morgantown, PA
How many homes are available in Morgantown, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Morgantown real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 2 | 6 | +200.0% |
5+ Bedrooms | 1 | 0 | -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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Morgantown in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Morgantown, PA
How long does it take to sell a home in Morgantown, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 32 Days | -39.8% |
Summary: Homes in Morgantown had an average of 32 days on market in Apr 2024, down by 39.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Morgantown; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.