Market Intelligence Report — WV-060

Morgantown, WV

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-WV-08
As of the latest 2026 data
Accelerated

Median Listing

$350K
+3.0% YoY

Pending Ratio

0.64
-13.9% YoY

Active Inventory

274
+10.9% YoY

Median DOM

61 Days
+15.1% YoY

Primary Intelligence Tool — Sold Score™

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The Morgantown market is currently classified as Accelerated, driven by a pending ratio of 0.64. This indicates demand continues to outpace available inventory, despite a year-over-year decline of 13.9% in the pending ratio.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.3%-0.2 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

141,995+0.1% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Morgantown market right now.

Active listings have seen a notable increase of 10.9% over the past year, reaching 274 units, while new listings also grew by 7.1%. Concurrently, the median listing price experienced a modest 3.0% increase over the past year, standing at $350,000, with no month-over-month change. Median days on market extended by 15.1% year-over-year to 61 days, suggesting a slight moderation in absorption pace.

Historical Analysis

Market Trends

Median Price

$350K+0.0% MoM

Active Inventory

274+10.9% YoY

Days on Market

61+15.1% YoY

Sold Score™

69-13.9% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

69
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current pending ratio of 0.64 suggests that demand is absorbing a significant portion of available supply, exerting upward pressure on transaction pace. While inventory is expanding, the rate of demand absorption means prospective buyers may still encounter competitive conditions. Sellers continue to hold some leverage in pricing discussions, although the extended days on market indicate some price discipline is emerging.

Luxury Segment

The average listing price increased by 10.7% year-over-year to $462,302, contrasting with a flat median listing price and a 1.9% decline in median $/sqft. This divergence, alongside the elevated average-vs-median spread, suggests some softening in the higher-price tiers.

Supply Dynamics

274 active listings represent the current floor, with new supply arriving at roughly 120 per month.

Pricing Pressure
15.3%

of active listings carry a price reduction, -4.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -1.9% year-over-year.

Absorption
0.64

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Morgantown, WV? Homes here are taking 8 days longer to sell than last year.

Demand in Morgantown, WV is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
64%
Median Days on Market
61 days
Inventory YoY
+11%

Demand is strong in Morgantown, WV. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Morgantown, WV
CBSA Code
34060
State
WV

ZIPs in Morgantown, WV

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