Real Estate Market Update for Morgantown, WV
Welcome to February's Market Update. Let’s take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 17% from one year earlier, and down 17% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 230-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The number of units sold was consistent year-over-year, and decreased 100% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Morgantown, WV
Area Information for Morgantown, WV
  • Population: 20,352
  • Median Age: 37.16 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 337/sq mi
  • Population Change Since 2000: 15.62%
  • Closest Airport: Morgantown Municipal-walter L. Bill Hart Field
  • Closest College: West Virginia University
  • Closest Jr. College: West Virginia Junior College
  • Median Household Income: $44,792
  • Annual Residential Turnover: 11%
  • Median Home Sales Price: $145,000
  • Closest Major Sports Team: West Virginia Black Bears
  • Change Avg. Household Income Since 2000: 54.6%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Morgantown, WV
Median Age: 37.16 Married: 36% Number of Households: 8,571 Households with Children: 1,640
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Morgantown, WV

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Skyview Elementary School 1.2 mi Public PRESCHOOL-5 2-5 4
      Westwood Middle School 1.2 mi Public 6-8 2-5 3
      Eastwood Elementary School 1.7 mi Public PRESCHOOL-5 0 0
      Morgantown High School 1.8 mi Public 9-12 5 4
      Suncrest Middle School 1.9 mi Public 5-8 5 5
      Technical Education Center 2.1 mi Public 10-12 0 0
      South Middle School 2.1 mi Public 6-8 4 3
      Mountaineer Middle School 2.3 mi Public 6-8 0 0
      North Elementary School 2.7 mi Public PRESCHOOL-5 4-5 4
      Dorsey Center 2.8 mi Public PRESCHOOL-PRESCHOOL 0 0
      Mountainview Elementary School 2.9 mi Public PRESCHOOL-5 3 5
      Morgantown Christian Academy 3.2 mi Private K-12 0 0
      Covenant Christian School 3.2 mi Private PRESCHOOL-8 0 4
      The Lighthouse Christian Academy 3.4 mi Private 2-12 0 0
      St Francis De Sales Central 3.9 mi Catholic PRESCHOOL-8 0 0
      St Francis Central School 3.9 mi Catholic PRESCHOOL-8 0 0
      St Francis De Sales Central Catholic School 3.9 mi Catholic PRESCHOOL-8 0 4
      Morgantown Learning Academy 4.4 mi Private PRESCHOOL-8 0 5
      Brookhaven Elementary School 4.8 mi Public PRESCHOOL-5 3-5 4
      University High School 5.5 mi Public 9-12 4-5 2
      Trinity Christian School 5.5 mi Private PRESCHOOL-12 0 5
      Ridgedale Elementary School 6.1 mi Public PRESCHOOL-5 2 4
      Cheat Lake Elementary School 6.9 mi Public PRESCHOOL-5 5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Morgantown, WV
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.