Is Morton, WA 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.
Housing Prices in Morton, WA
How much do homes in Morton, WA cost?
Median Sold Price
$325,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Morton was $325,000 in May 2024, up 2.4% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $344.9K | N/A |
2 Bedrooms | $279K | $280K | 0.4% |
3 Bedrooms | $307.5K | $369.9K | +20.3% |
4 Bedrooms | $477.5K | $365.7K | -23.4% |
5+ Bedrooms | $474K | $1.0M | +111.0% |
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 0.4%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 23.4%, and 5+ bedroom homes increased by 111%.
Housing Supply in Morton, WA
How many homes are available in Morton, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Summary: The Morton real estate market had 15 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 0 | 1 | +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 increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Morton in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Morton, WA
How long does it take to sell a home in Morton, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 93 Days | +257.5% |
Summary: Homes in Morton had an average of 93 days on market in May 2024, up by 257.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Morton; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.