Morgan County, IL Home Values & Market Trends

The median home price in Morgan County, IL is $113,655.96. There were 459 home sales in Morgan County, IL over the past 12 months. The median residential Morgan County, IL home value for transactions over the previous year is $100,000. The number of current listings in Morgan County, IL is 5, and the percentage of properties for sale is 5.00%. The county has 8 foreclosures, 4 bank owned properties, 4 headed for auction, and 5 properties for sale.

Morgan County, IL Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Jacksonville

$ 299,961

$ 82/sqft

Waverly

$ --

$ --

Alexander

$ 83,510

$ 73/sqft

Chapin

$ --

$ --

Meredosia

$ 34,850

$ 41/sqft

Woodson

$ --

$ --

Franklin

$ --

$ --

Concord

$ --

$ --

Murrayville

$ --

$ --

Housing Market Summary for Morgan County, IL

Apr 2023March 2024Change
Median Listing Price$202.5K$101.2K-50.01%
Median Sold Price$94,018.333$101.2K7.66%
Homes For Sale4650.00%
Homes Sold306211-31.05%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Morgan County, IL

Morgan County, IL home values range from $15,347 to $788,888. Jacksonville is the priciest city with a median listing home price of $1,248,688, and Meredosia is most affordable with average house prices of around $9,250.

Foreclosure
There are 9 cities within Morgan County, IL; within these cities, the median estimated home value for homes in foreclosure ranges from $107,965 in Jacksonville to the lowest value of $50,663 in Jacksonville. Foreclosure homes account for 0.00% of properties in Morgan County, IL with Jacksonville containing 4 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Morgan County, IL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 9 cities within Morgan County, IL; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Morgan County, IL ranges from the highest value of $92,080 in Murrayville to the lowest value of $87,919 in Jacksonville. Bank owned homes and properties account for 0.04% of properties in Morgan County, IL. There are 9 cities within Morgan County, IL; Woodson containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Jacksonville has 3 auction properties, the highest number of properties going to auction in a single city in the state of Morgan County, IL. Auction homes and other auction properties account for 0.04% of all properties in Morgan County, IL. There are 9 cities within Morgan County, IL; of those cities, the median estimated home value for homes going to auction ranges from $122,762 in Jacksonville to the lowest value of $50,663 in Jacksonville.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.04% of residential properties in Morgan County, IL with Jacksonville containing 2 homes for sale, the highest number of listed properties in a single city. There are 9 cities within Morgan County, IL; homes for sale in those cities, have a range of median values from $513,561 in Jacksonville to the lowest value of $34,850 in Meredosia.
    Sold Homes
    The median value for recently sold homes ranges from $180,594 in Alexander to the lowest price of $16,360 in Alexander. There are 9 cities within Morgan County, IL. Jacksonville has 122 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.80% of properties in Morgan County, IL.

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      Guide for Morgan County, IL

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      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
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      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      Little Rock Real Estate: Climbing Property Values and Investment Potential – Market Report April 2024
      Market Reports|posted 8 April 2024

      The Little Rock real estate market has shown growth in average property values and prices per square foot between April 2023 and March 2024, indicating an investment-friendly environment.

      2023 Review: Sioux Falls Real Estate Sees 9% Drop in Property Value, 11% Rise in Sale Price Per Square Foot
      Market Reports|posted 8 April 2024

      The Sioux Falls real estate market has seen fluctuating property values, sale prices, and sale volumes between May 2023 to March 2024, reflecting a dynamic market condition.