Is Morton, PA 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, Morton has remained a Seller's Market.
Key Takeaway
Morton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morton, PA
How much do homes in Morton, PA cost?
Median Sold Price
$376,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Morton have sold for 17% more than they did a year ago.
Summary: The median home sold price in Morton was $376,000 in May 2024, up 17% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $241K | +12.1% |
| 3 Bedrooms | $335K | $335K | 0.0% |
| 4 Bedrooms | $350K | $455K | +30.0% |
| 5+ Bedrooms | $283.2K | $377.5K | +33.3% |
Summary: Morton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
| Morton | $321.5K | $376K | +17.0% |
| Rutledge | $399.9K | $460K | +15.0% |
| Ridley Township | $285K | $305K | +7.0% |
| Springfield Township | $426.5K | $450K | +5.5% |
| Springfield | $435K | $455K | +4.6% |
Housing Supply in Morton, PA
How many homes are available in Morton, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Morton real estate market had 13 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Morton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morton, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Morton in May 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Morton, PA
How long does it take to sell a home in Morton, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 6 Days | -83.5% |
Summary: Homes in Morton had an average of 6 days on market in May 2024, down by 83.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Morton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
