Is Morgan City, LA 70380 a buyer’s or seller’s market?
Morgan City is a buyer’s market. With about 6.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 11% of U.S. ZIP codes, and #120 of 160 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Morgan City housing market right now
In the three months ending August 31, 2026, 16% of homes in Morgan City, LA 70380 sold above their list price, the typical home went under contract in 85 days and there were 6.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 20 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (116 days then) and the median sale price rose 19% to $149,835. Overall, Morgan City is more competitive than a year ago, so tougher for buyers.
Within Assumption Parish, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Morgan City ranks #120 of 160 LA ZIP codes with enough sales (score 17 out of 100).
Nearby, buyers who want less competition could look at Labadieville 70372 (0% sold over asking) or Belle Rose 70341 (0% sold over asking).
Run the numbers for 70380
Nearby markets
Belle Rose 70341Balanced $100 /sq ftLabadieville 70372Buyer’s market $119 /sq ftNapoleonville 70390Seller’s market $138 /sq ftPierre Part 70339Buyer’s market $236 /sq ft Browse all markets →Towns like Morgan City nearby
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Questions about Morgan City real estate
Is Morgan City a buyer’s or seller’s market?
A buyer’s market: there were 6.2 months of supply in Morgan City, LA 70380 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 Morgan City?
The typical home went under contract in 85 days in the latest three months.
Do homes in Morgan City sell over asking?
16% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.
What are property taxes in Morgan City?
About 0.37% of a home’s value a year in Assumption Parish, or roughly $1,480 on a $400,000 home.
What is the median home price in Morgan City?
The median sale price was $149,835 in the three months ending August 31, 2026, about $80 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