Is Morrison, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Morrison has remained a Seller's Market.
Housing Prices in Morrison, CO
How much do homes in Morrison, CO cost?
Median Sold Price
$840,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morrison was $840,000 in April 2024, up 20% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $512.5K | $597.3K | +16.5% |
3 Bedrooms | $625K | $640K | +2.4% |
4 Bedrooms | $677.5K | $850K | +25.5% |
5+ Bedrooms | $1.4M | $1.2M | -10.9% |
Summary: Morrison housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Cities
Morrison | $700K | $840K | +20.0% |
Central Jefferson | $886.7K | $952.5K | +7.4% |
South Jefferson | $923.7K | $964.6K | +4.4% |
Northeast Jefferson | $609.6K | $624.9K | +2.5% |
Lakewood | $588.2K | $600.6K | +2.1% |
Housing Supply in Morrison, CO
How many homes are available in Morrison, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 86 | +59.3% |
Summary: The Morrison real estate market had 86 homes for sale in April 2024, a 59.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 11 | 19 | +72.7% |
4 Bedrooms | 28 | 47 | +67.9% |
5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Morrison housing inventory by bedroom type for April 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 72.7%, 4 bedroom homes increased by 67.9%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 28 | +180.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Morrison in April 2024, up by 180.0% month-over-month. Of the 28 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for Morrison, CO
How long does it take to sell a home in Morrison, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 23 Days | +10.2% |
Summary: Homes in Morrison had an average of 23 days on market in Apr 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Morrison; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.