39Alpha

Morgan County, MO Housing Market Brief

county · MO · score computed October 2026

Buyer's

What is Morgan County, MO’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
●85
Inventory Health25%
●20

Population band 3 of 5 (population 20,431–39,126) · comparable within its band

Affordability20%
●25
Economic Strength20%
●44
Rental Yield15%
●21

Where is Morgan County, MO in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Morgan County, MO is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Morgan County, MO?

County-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.

Morgan County, MO housing market data

MetricValueYoYSource
Median Sale Price$232K▼ -31%Redfin
Median Days on Market89 days▲ +23.6%Redfin
Months of Supply10.5▲ +105.9%Redfin
Homes for Sale238▲ +11.2%Redfin
Homes Sold23▼ -45.2%Redfin
Median Price / Sq Ft$165▼ -21.3%Redfin

How has Morgan County, MO’s Alpha Score moved?

Now: 39
2-period trend
Median sale price · 12 mo

Markets like Morgan County, MO

Frequently asked questions

Is Morgan County, MO a buyer's or seller's market?

In the scores computed October 2026, Morgan County, MO is classified as a Buyer's Market, based on its Alpha Score of 39 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Morgan County, MO?

The median sale price in Morgan County, MO is $232K, having fallen 31% over the past year, according to Redfin.

How affordable is Morgan County, MO?

Morgan County, MO scores 25 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Morgan County, MO's Alpha Score?

Morgan County, MO's strongest dimension is Price Momentum (85/100) and its weakest is Inventory Health (20/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Morgan County, MO? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.