Morgantown, WV Foreclosures
How much do homes sell for in Morgantown, WV?
The average home price is currently $339,746.
In Morgantown, WV, how many homes are available?
There are currently 38 active home listings available in Morgantown.
What’s the average rental cost in Morgantown, WV?
The average rental price in Morgantown is $1,442.
What is the most expensive home in Morgantown?
The most expensive home sold in Morgantown had a price of $83,928,196.
What is currently the cheapest priced home in Morgantown, WV?
The cheapest home for sale in Morgantown is priced at $10,139.
Living in Morgantown, WV
Morgantown, WV is an exciting college town known for its close-knit community, outdoor adventure opportunities, and vibrant arts scene. Located along the scenic Monongahela River, the city offers a blend of urban and rural lifestyles with a plethora of restaurants, shops, and recreational activities. The presence of West Virginia University adds a youthful energy to the local atmosphere, making it a great place for families and young professionals.
Current Market Conditions in Morgantown, WV
The Morgantown real estate market is currently experiencing a solid upward trend, driven largely by the desire for single-family homes and rental properties near the university. Due to limited housing supply and consistent demand from students and professionals, prices have been steadily increasing, making it an attractive location for real estate investors. The area has seen a surge in new developments catering to both residential and commercial needs, further enhancing its market appeal.
Market activity in Morgantown shows a healthy demand for properties, particularly in the Westover and Suncrest neighborhoods, where families and young professionals are flocking. The rental market remains robust due to the large student population associated with West Virginia University, and the overall market is broadening, accommodating various price points.
Home Value Estimator For Morgantown, WV
There are currently 28,557 real estate properties
in Morgantown, WV,
with a median automated valuation model (AVM) price
of $270,272.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Morgantown, WV, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Morgantown, WV,
is $339,746.00, with the most expensive house
in Morgantown, WV, topping out
at $83,928,196.00 and the cheapest home
in Morgantown, WV,
clocking in at $10,139.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Morgantown, WV!
Rent Prices
In Morgantown, WV
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Morgantown, WV, is on
a rollercoaster ride. The
average rent price in Morgantown, WV,
is $1,442.00. Indeed, when looking to rent in
Morgantown, WV, you can expect to pay as little
as $540.00 or as much
as $2,360.00,
with the average rent median estimated to
be $1,400.00. The good news is that finding
an affordable and desirable property to rent in Morgantown, WV
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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