Morgan County Housing Market Report March 2025Morgan County, Indiana

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Housing Prices in Morgan County, IN

How much do homes in Morgan County, IN cost?

Housing Market Conditions

Is Morgan County, IN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Morgan County is a Seller's Market

Difference Since March 2024

Since last year, Morgan County has remained a Seller's Market.

Insight

Morgan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$285,000$155/SqFt
+$13,875
+5.1%

Based on all homes sold in the last 12 months

Insight

Homes in Morgan County have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Morgan County was $285,000 in March 2025, up 5.1% from last year, and the median price per square foot was $155.

Median Sold Price By Counties

Median Sold Price By Counties
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Putnam County
+8.8%
Morgan County
+5.1%
Johnson County
+4.6%
Hendricks County
+3.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$135K$219K
+62.2%
2$202K$198K
-2.0%
3$255.5K$260.8K
+2.1%
4$305.5K$325K
+6.4%
5$352.4K$375K
+6.4%

Summary: Morgan County housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +62.2%. The home price for 2 bedroom homes decreased by -2.0%. The home price for 3 bedroom homes increased by +2.1%. The home price for 4 bedroom homes increased by +6.4%. The home price for 5 bedroom homes increased by +6.4%.

How does Morgan County, IN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Morgan County, IN

Housing supply in Morgan County, IN

How many homes are available in Morgan County, IN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
391Last MonthMar 2025
3232 months agoFeb 2025
+21.1 %
Change MoMFeb – Mar

Summary: The Morgan County real estate market had 391 homes for sale in Mar 2025, a 21.1 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
93Last MonthMar 2025
512 months agoFeb 2025
+82.4 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
112
+100.0%
23646
+27.8%
3169200
+18.3%
494115
+22.3%
52328
+21.7%

Summary: Morgan County housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +27.8%. The inventory for 3 bedroom homes increased by +18.3%. The inventory for 4 bedroom homes increased by +22.3%. The inventory for 5 bedroom homes increased by +21.7%.

Asking Price vs. Sold Price

How much do homes in Morgan County, IN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price10 Homes

At Asking Price31 Homes

Under Asking Price50 Homes

Insight

If you're buying a home in Morgan County, you may be able to get a good deal. 54.9% of homes here sold below asking price last month.

Summary: A total of 93 homes were sold or pending in Morgan County in March 2025, up by 82.4% month-over-month. Of the 91 sold homes, 55% were sold under asking, 34% were sold at asking, and and 11% were sold over asking.

Days on Market for Morgan County, IN

How long does it take to sell a home in Morgan County, IN?

Breakdown of Home Sale Times

Under 30 Days42 Homes

30 – 90 Days25 Homes

Over 90 Days16 Homes

Insight

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

Summary: During March 2025, 93 homes were sold in Morgan County; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
53 DaysThis YearMar 2025
48 Days1 year agoMar 2024
+9.5 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Morgan County had an average listing age of 53 days in Mar 2025, up by 9.5% compared to the previous year.

Newest Listings in Morgan County, IN

What homes are available in Morgan County, IN?

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Based on information from MIBOR Broker Listing Cooperative®, and Indiana Regional MLS for the period 04/01/2023 - 04/01/2025

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.

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Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/5/2025, 2:16:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/5/2025, 2:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.