Homes in Morgan County sold for higher prices recently: See how much here

Newly released data from Realtor.com for March shows that potential buyers and sellers in Morgan County saw houses sell for higher than the previous month's median sales price of $265,151.

The median home sold for $274,000, an analysis of data from Realtor.com shows. That means March, the most recent month for which figures are available, was up 3.3% from February.

Compared to March 2023, the median home sales price was up 9.8% at $274,000 compared to $249,630.

Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in up-to-date data. The statistics don't include homes currently listed for sale, and aren't directly comparable to listings data.

Information on your local housing market, along with other useful community data, is available at data.indystar.com.

Looking only at single-family homes, the $278,062 median selling price in Morgan County was up 4.9% in March from $265,151 the month prior. Since March 2023, the sales price of single-family homes was up 10.9% from a median of $250,817.

One single family home sold for $1 million or more during the month, compared to zero recorded transactions of at least $1 million in March 2023.

In March, the number of recorded sales in Morgan County dropped by 29.3% since March 2023 from 140 to 99. All residential home sales totaled to $19.8 million.

In Indiana, homes sold at a median of $237,478 during March, up 3.5% from $229,416 in February. There were 9,052 recorded sales across the state during March, down 12.5% from 10,342 recorded sales in March 2023.

The total value of recorded residential home sales in Indiana increased by 27.7% from $1.2 billion in February to $1.5 billion this March.

Out of all residential home sales in Indiana, 0.91% of homes sold for at least $1 million in March, down from 1.1% in March 2023.

Sales prices of single-family homes across Indiana increased by 2.9% from a median of $230,827 in February to $237,510 in March. Since March 2023, the sales price of single-family homes across the state was up 1.5% from $234,041.

Across the state, the sales price of condominiums and townhomes rose 16.4% from a median of $192,753 in February to $224,312 during March. The median sales price of condominiums and townhomes is down 8.9% from the median of $246,250 in March 2023.

The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.