Is Fort Morgan, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fort Morgan has remained a Seller's Market.
Housing Prices in Fort Morgan, CO
How much do homes in Fort Morgan, CO cost?
Median Sold Price
$325,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fort Morgan was $325,000 in May 2024, up 6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $610K | N/A |
2 Bedrooms | $226K | $234K | +3.5% |
3 Bedrooms | $289.5K | $307.5K | +6.2% |
4 Bedrooms | $331K | $352K | +6.3% |
5+ Bedrooms | $410K | $394K | -3.9% |
Summary: Fort Morgan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in Fort Morgan, CO
How many homes are available in Fort Morgan, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 | 80 | +6.7% |
Summary: The Fort Morgan real estate market had 80 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 32 | 33 | +3.1% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Fort Morgan housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Fort Morgan in May 2024, up by 72.7% month-over-month. Of the 19 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for Fort Morgan, CO
How long does it take to sell a home in Fort Morgan, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
76 Days | 62 Days | -18.3% |
Summary: Homes in Fort Morgan had an average of 62 days on market in May 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Fort Morgan; 21% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.