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Is Morgantown, KY 42261 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Morgantown is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list96.5%Sold price ÷ list price
Median days on market97Listing to accepted offer
Median price per sq ft$135▼ −17.6% vs. last year

The Morgantown housing market right now

In the three months ending August 31, 2026, 25% of homes in Morgantown, KY 42261 sold above their list price, the typical home went under contract in 97 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold about as fast and the median sale price rose 14% to $221,404. Overall, Morgantown is more competitive than a year ago, so tougher for buyers.

Run the numbers for 42261

Prefilled for 42261Can I win this house?Multiple-offer likelihood for a listing Prefilled for 42261Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Jetson 42252 — /sq ftRochester 42273Buyer’s market $95 /sq ftRoundhill 42275 — /sq ft Browse all markets →

Towns like Morgantown nearby

Find towns like Morgantown in other states →
Beaver Dam, KY42320 · 16 miles away94% similarpricier homes ($37K more) Hartford, KY42347 · 23 miles away90% similarsmaller Central City, KY42330 · 25 miles away90% similarpricier homes ($38K more) Leitchfield, KY42754 · 27 miles away88% similarpricier homes ($59K more) · larger

Where Morgantown is

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Questions about Morgantown real estate

Is Morgantown a buyer’s or seller’s market?

A buyer’s market: there were 8 months of supply in Morgantown, KY 42261 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Morgantown?

The typical home went under contract in 97 days in the latest three months.

Do homes in Morgantown sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.

What are property taxes in Morgantown?

About 0.58% of a home’s value a year in Butler County, or roughly $2,320 on a $400,000 home.

What is the median home price in Morgantown?

The median sale price was $221,404 in the three months ending August 31, 2026, about $135 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology