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Featured local agent — Morgantown, MS
Sarah Mitchell
Compass Real Estate · Morgantown, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morgantown, MS Housing Market & Real Estate
Housing market overview · Updated monthly ·
$45,000median sale price
How is the Morgantown, MS housing market right now?
The median home sale price in Morgantown, MS is $45,000, down 10.7% year-over-year. Homes sell in an average of 238 days with 4 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Morgantown a buyer's or seller's market?
Morgantown, MS is currently a buyer's market, based on 4.0 months of supply and homes selling in about 238 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
238
Average pace
Active listings
4
4.0 months supply
Sale-to-list
81.8%
Below asking
What does the Morgantown housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $45,000 |
| Year-over-year price change | -10.7% |
| Average days on market | 238 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 81.8% |
| Median price per sq ft | $45/sq ft |
| Homes sold (latest month) | 1 |
| Listings with a price cut | 25.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Morgantown by property type?
How the Morgantown, MS market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $45,000 | $45/sq ft | 1 | 238 days |
Source: Redfin · Updated monthly
The Morgantown housing market is currently classified as a buyer's market with a median sale price of $45,000. Prices have fallen 10.7% compared to last year, with homes spending an average of 238 days on market, indicating 4.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Morgantown
There are currently 4 homes listed for sale in Morgantown, Mississippi.
Active listings
4
Homes on market
Avg. days on market
238
Days until sale
Who lives in Morgantown?
Population
917
Median age
48.4 years
Owner-occupied
76.7%
College grads
12.3%
Avg commute
17.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Morgantown?
Morgantown is a community of approximately 1K residents with a median age of 48.4 years. 12.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 76.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Morgantown offers a distinctive character that appeals to different lifestyle preferences.
Which cities are near Morgantown, MS?
Want a head-to-head view? Compare Morgantown side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Morgantown?
The median home sale price in Morgantown is $45,000, down 10.7% from last year.
How long do homes stay on market in Morgantown?
Homes typically spend 238 days on market before going under contract.
Is Morgantown a buyer's or seller's market?
With 4.0 months of supply, Morgantown is currently a buyer's market.
How much does a single-family home cost in Morgantown?
The median single-family home price in Morgantown, MS is $45,000 (about $45 per square foot).
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