Morgan County, IL Home Values & Market Trends

The median home price in Morgan County, IL is $113,655.87. 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 6, and the percentage of properties for sale is 6.00%. The county has 12 foreclosures, 8 bank owned properties, 4 headed for auction, and 6 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 $134,208 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 7 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 $182,859 in Franklin to the lowest value of $53,433 in Jacksonville. Bank owned homes and properties account for 0.07% of properties in Morgan County, IL. There are 9 cities within Morgan County, IL; Jacksonville containing 4 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 0.05% 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 $17,250 in Alexander. There are 9 cities within Morgan County, IL. Jacksonville has 226 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.12% of properties in Morgan County, IL.

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      Guide for Morgan County, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports
      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      See More Articles
      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 Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports|posted 17 April 2024

      Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Market Reports|posted 17 April 2024

      Report of recent trends in Mobile, Alabama’s real estate market, highlighting rising property values, fluctuating sales volumes, and the variations in value and sales figures across neighboring areas as of March 2024.