Is Mount Morris Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mount Morris Township has remained a Seller's Market.
Housing Prices in Mount Morris Township, MI
How much do homes in Mount Morris Township, MI cost?
Median Sold Price
$130,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Morris Township was $130,000 in May 2024, up 13% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $14.7K | $39.5K | +167.8% |
2 Bedrooms | $87K | $95.7K | +10.0% |
3 Bedrooms | $125K | $132.9K | +6.4% |
4 Bedrooms | $137.2K | $185K | +34.8% |
5+ Bedrooms | $115K | $160K | +39.1% |
Summary: Mount Morris Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.8%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 39.1%.
Median Sold Price Compared To Nearby Cities
Mount Morris | $113K | $134K | +18.6% |
Mount Morris Township | $115K | $130K | +13.0% |
Genesee Charter Township | $140K | $155K | +10.7% |
Vienna Charter Township | $201.9K | $218.2K | +8.1% |
Flint | $84.6K | $77.6K | -8.3% |
Housing Supply in Mount Morris Township, MI
How many homes are available in Mount Morris Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 100 | -5.7% |
Summary: The Mount Morris Township real estate market had 100 homes for sale in May 2024, a 5.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 23 | 26 | +13.0% |
3 Bedrooms | 62 | 58 | -6.5% |
4 Bedrooms | 19 | 13 | -31.6% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mount Morris Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 30 | -6.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Mount Morris Township in May 2024, down by 6.3% month-over-month. Of the 30 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Mount Morris Township, MI
How long does it take to sell a home in Mount Morris Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 47 Days | -22.7% |
Summary: Homes in Mount Morris Township had an average of 47 days on market in May 2024, down by 22.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Mount Morris Township; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.