Name: Morgan Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Morgan, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Morgan, Utah is $530,000, which is 0.9% above the Utah state median of $525,000. Home prices in Morgan range from $380,000 to $47,625,000, with an average sale price of $766,250. These figures are based on recent closed transactions in the Morgan real estate market.

Question 2

Is Morgan, Utah a buyer's or seller's market?

Accepted Answer

Morgan, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 97.5% and homes spending an average of 48 days on the market. Morgan’s median home price is 0.9% above the Utah median, with homes selling 20% faster (48 days vs 61) and a 97.5% sale‑to‑list ratio, indicating a tighter local market than the state overall.

Question 3

How long do homes stay on the market in Morgan?

Accepted Answer

Homes in Morgan, Utah spend an average of 48 days on the market before going under contract compared to the Utah state average of 61 days (20.4% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Morgan, Utah?

Accepted Answer

As of July 2026, there are 30 active homes for sale in Morgan, Utah with 43 new listings added recently. In the most recent reporting period, 16 transactions closed in Morgan. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Morgan, Utah?

Accepted Answer

Yes — Morgan currently has 43 new listings recently added to the market, with prices starting from $380,000. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Morgan is $530,000.

Question 6

How does Morgan compare to the Utah state average?

Accepted Answer

Morgan home prices are 0.9% above the Utah state median of $525,000, with a local median of $530,000. Homes sell faster than the state average — 48 days in Morgan vs 61 days statewide (20.4% below average). The sale-to-list ratio is 97.5% locally vs 99.0% statewide.

Question 7

Are homes in Morgan more expensive than the Utah average?

Accepted Answer

Yes, homes in Morgan are more expensive than the Utah state average. The median home price in Morgan is $530,000, compared to the statewide median of $525,000 — a difference of $5,000 (+0.9%). The premium reflects demand for the area's amenities, schools, and location.

Question 8

Do homes sell faster in Morgan than the rest of Utah?

Accepted Answer

Yes, homes in Morgan sell faster than the Utah average. The average days on market in Morgan is 48 days, compared to 61 days statewide (20.4% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered balanced.

Question 9

How have home prices changed in Morgan over the past year?

Accepted Answer

Home prices in Morgan, Utah have decreased by 3.2% over the past year. The median sale price went from $547,500 to $530,000. This slight correction may create buying opportunities for prospective homeowners. Check the Morgan market trends section above for detailed charts.

Question 10

Is the Morgan housing market heating up or cooling down?

Accepted Answer

The Morgan housing market is currently showing mixed signals, with prices down 3.2% year-over-year and days on market decreasing by 7.2%. The market temperature is rated "balanced" based on current conditions. Morgan’s median home price is 0.9% above the Utah median, with homes selling 20% faster (48 days vs 61) and a 97.5% sale‑to‑list ratio, indicating a tighter local market than the state overall. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Morgan home prices this time last year?

Accepted Answer

In June 2025, the median home sale price in Morgan, Utah was $547,500. Today, the median is $530,000, representing a change of -3.2% ($17,500 decrease). During that same period, the average days on market went from 57 to 53 days.

Question 12

What is the current market outlook for Morgan, Utah?

Accepted Answer

Morgan’s residential market remains tight and competitive despite a flat median price of $530,000 over the past three months. With only 43 new listings and 16 closed transactions, inventory is scarce, driving a rapid turnover of 48 days on market—well below the Utah average of 61 days. Single‑family homes dominate the market, selling for a median of $597,000 (a 7.6% year‑over‑year increase) and commanding $226.50 per square foot, while townhomes and condos have softened, posting a 15.4% price decline to $385,000. The sale‑to‑list ratio of 97.5% underscores that buyers are still willing to meet near‑list prices, but the divergent performance between property types suggests buyers should prioritize single‑family options for value growth.

On the macro side, mortgage rates have been on an upward trajectory, climbing from 6.11% in January to 6.46% in July, a trend reinforced by recent news of rates spiking to 6.51% and pending sales slipping. Unemployment remains stable (Utah 3.6%, national ~4.3%) and consumer sentiment is flat, so the broader economy isn’t dampening demand. However, the steady rise in borrowing costs is beginning to temper enthusiasm, nudging the market from a previously warm stance toward a more balanced condition. Buyers should act promptly to lock in rates and capitalize on the limited inventory, while sellers can expect solid offers but may need to price competitively as financing pressures mount. The market temperature is rated "balanced." Morgan’s median home price is 0.9% above the Utah median, with homes selling 20% faster (48 days vs 61) and a 97.5% sale‑to‑list ratio, indicating a tighter local market than the state overall.

Question 13

What are the key highlights of the Morgan housing market?

Accepted Answer

Key highlights of the Morgan, Utah housing market include: Median price $530K, just 0.9% higher than the Utah median, and unchanged month‑over‑month.. Inventory is thin: only 43 new listings and 16 closed sales in the past three months, yielding a 2.7‑to‑1 listing‑to‑sale ratio.. Single‑family homes command a median $/sqft of $226.5 and sold for $597K, up 7.6% YoY, while townhomes/condos fell 15.4% YoY to $385K.. Homes spend only 48 days on market—20% less than the state average—reflecting strong buyer demand.. Mortgage rates have risen from 6.11% to 6.46% over the last six months, adding roughly $100 to the monthly payment on a $400K loan.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Morgan, Utah?

Accepted Answer

Homes in Morgan, Utah range from $380,000 to $47,625,000, with a median price of $530,000. The standard deviation is $8,624,694, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

What are the best schools in Morgan, Utah?

Accepted Answer

Morgan has 6 schools. The top-rated schools based on state performance scores include: Mountain Green School (63.5% score), 433 students; Morgan School (55.5% score), 557 students; Morgan Middle (49.6% score), 493 students. School ratings are based on Utah State Board of Education achievement and growth metrics. Explore all Morgan schools and nearby homes for sale on Propaired.

Question 16

How do Morgan schools compare to the state average?

Accepted Answer

Of the 6 schools in Morgan, 1 (17%) are rated as high-performing and 2 have strong academics indicators. Families should research individual school ratings on our Morgan schools page for detailed performance breakdowns.

Question 17

Are there STEM or specialty schools in Morgan?

Accepted Answer

Yes, Morgan has 2 schools with STEM excellence indicators, including Morgan School, Mountain Green School. These schools demonstrate above-average performance in math, science, or both according to Utah state assessments.

Question 18

What is the internet quality in Morgan, Utah?

Accepted Answer

Morgan has an average broadband download speed of 6421 Mbps and 89% of homes have access to fiber internet. Top internet providers include Utah Telecommunication Open Infrastructure Agency, Beehive Broadband, Starlink. This is above average for Utah, supporting remote work and streaming. Residents have an average of 9.7 provider options.

Question 19

Are single-family homes or condos a better investment in Morgan?

Accepted Answer

In Morgan, single-family homes have a median price of $597,000 (+7.6% YoY), while townhomes/condos are $385,000 (-15.4% YoY). SFRs sell in 30 days vs 46 days for condos. Single-family homes are appreciating faster. Both property types are available with AI-powered search on Propaired.

Question 20

What is the price per square foot in Morgan?

Accepted Answer

The median price per square foot in Morgan, Utah is $239. The average home size is 3,676 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 21

Is now a good time to buy a home in Morgan, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.46% and Utah's unemployment rate is 3.6%, with Morgan's market rated as "balanced." Prices are stabilizing at 3.2% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 22

When is the best time to buy a home in Morgan?

Accepted Answer

Historically, June offers the most new listings in Morgan, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Featured Homes in Morgan

$47,625,000

$545,000

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Deals & Lifestyle in Morgan

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Highlights in Morgan

$47,625,000

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$417,000

$7,900,000

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$699,500

$1,499,999

Morgan Real Estate FAQ

Frequently Asked Questions About Morgan Real Estate

What is the median home price in Morgan, Utah in 2026?

What is the median home price in Morgan, Utah in 2026?

Is Morgan, Utah a buyer's or seller's market?