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West Central Reporter

Tuesday, April 30, 2024

Morgan County experienced drop in median home valuation prices in September 2023 compared to September 2022

Realestate3

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Adobe Stock

In September 2023, the median sale price of a home in Morgan County fell by $16,750 from the same period in the previous year, while total sales decreased by 70.7%, according to BlockShopper.com.

Data shows that there were 12 homes sold in September 2023, with a median sale price of $108,250 - a 13.4% decrease from the $125,000 median sale price for the same period of the previous year. There were 41 homes sold in Morgan County in September 2022.

For context, the median sales tax in Morgan County, based on the latest available data from 2021, was $1,866, which stands at 1.7% of September 2023's median home sale price.

The following histogram displays changes in median sales prices in Morgan County from September 2022 to September 2023.

September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023$125,000$125,000$133,625$133,625$110,500$110,500$68,000$68,000$125,250$125,250$80,000$80,000$93,750$93,750$123,500$123,500$115,000$115,000$95,000$95,000$125,000$125,000$144,000$144,000$108,250$108,250

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