Is Morrison, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Morrison was a Buyer's Market.
Housing Prices in Morrison, IL
How much do homes in Morrison, IL cost?
Median Sold Price
$138,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morrison was $138,000 in April 2024, up 20% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $27.6K | $115.5K | +318.5% |
2 Bedrooms | $92.5K | $83K | -10.3% |
3 Bedrooms | $127.2K | $135K | +6.1% |
4 Bedrooms | $148K | $177.5K | +19.9% |
5+ Bedrooms | $167.4K | $273.5K | +63.3% |
Summary: Morrison housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 318.5%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 63.3%.
Median Sold Price Compared To Nearby Cities
Morrison | $115K | $138K | +20.0% |
Mount Pleasant Township | $117K | $118.9K | +1.7% |
Housing Supply in Morrison, IL
How many homes are available in Morrison, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 22 | 0.0% |
Summary: The Morrison real estate market had 22 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Morrison housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Morrison in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Morrison, IL
How long does it take to sell a home in Morrison, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
1 Days | 32 Days | +1832.0% |
Summary: Homes in Morrison had an average of 32 days on market in Apr 2024, up by 1832% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Morrison; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.