Morgantown Housing Market Report December 2024•Monongalia County, West Virginia

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Housing Prices in Morgantown, WV

How much do homes in Morgantown, WV cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$349,000$168/SqFt
-$101,000
-22.4%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Morgantown has decreased by 22.4% since last year.

Summary: The median home list price in Morgantown was $349,000 in December 2024, down 22.4% from the previous year, and the median price per square foot was $168.

Median List Price By City

Median List Price By City
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
Eastern
-3.7%
Morgantown
-22.4%

Median List Price By Bedrooms

Median List 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.
BedsDec 2023Dec 2024Change YoY
1-$185K
N/A
2-$189K
N/A
3$381K$299K
-21.5%
4$434.9K$439K
+0.9%
5$1.3M$752K
-45.5%

Summary: Morgantown housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -21.5%. The home price for 4 bedroom homes increased by +0.9%. The home price for 5 bedroom homes decreased by -45.5%.

Housing supply in Morgantown, WV

How many homes are available in Morgantown, WV?

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
216Last MonthDec 2024
1612 months agoNov 2024
+34.2 %
Change MoMNov – Dec

Summary: The Morgantown real estate market had 216 homes for sale in Dec 2024, a 34.2 % increase compared to Nov 2024.

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.
BedsNov 2024Dec 2024Change MoM
111
0.0%
21825
+38.9%
380110
+37.5%
43650
+38.9%
52630
+15.4%

Summary: Morgantown housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +38.9%. The inventory for 3 bedroom homes increased by +37.5%. The inventory for 4 bedroom homes increased by +38.9%. The inventory for 5 bedroom homes increased by +15.4%.

Asking Price vs. Sold Price

How much do homes in Morgantown, WV 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 Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Morgantown, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Morgantown in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Morgantown, WV

How long does it take to sell a home in Morgantown, WV?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Morgantown has remained consistent over time.

Summary: During December 2024, 1 homes were sold in Morgantown; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
100 DaysThis YearDec 2024
222 Days1 year agoDec 2023
-54.9 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Morgantown had an average listing age of 100 days in Dec 2024, down by 54.9% compared to the previous year.

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Newest Listings in Morgantown, WV

What homes are available in Morgantown, WV?

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Nearby markets

Popular Cities with Homes for Sale in West Virginia

MLS Disclaimers and Copyright

Based on information from North Central West Virginia Real Estate Information Network Inc., and BrightMLS for the period 01/01/2023 - 01/01/2025

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of North Central WV Real Estate Information Network, Inc. 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. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
© 2025 North Central West Virginia Real Estate Information Network, Inc. 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: 1/17/2025, 11:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. 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: 1/17/2025, 11:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.