Morgan City, LA

Buyer's market+121.0% YoY

Housing market overview · Updated weekly

$137,000median sale price

Homes sold

2

Last 12 weeks

Days on market

59

Average pace

Active listings

27

13.5 months supply

Sale-to-list

99.7%

Below asking

The Morgan City housing market is currently classified as a buyer's market with a median sale price of $137,000. Prices have risen 121.0% compared to last year, with homes spending an average of 59 days on market, indicating 13.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Morgan City

There are currently 27 homes listed for sale in Morgan City, Louisiana. The median listing price is $219K.

Active listings

27

Homes on market

Median list price

$219K

Avg. days on market

59

Days until sale

New this week

5

Newly listed

Price drops:25.9%of listings
Sale-to-list:99.7%

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Frequently asked questions

What is the average home price in Morgan City?

The median home sale price in Morgan City is $137,000, up 121.0% from last year.

How long do homes stay on market in Morgan City?

Homes typically spend 59 days on market before going under contract.

Is Morgan City a buyer's or seller's market?

With 13.5 months of supply, Morgan City is currently a buyer's market.

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