Is Morriston, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Morriston was a Seller's Market.
Housing Prices in Morriston, FL
How much do homes in Morriston, FL cost?
Median Sold Price
$250,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morriston was $250,000 in March 2024, down 38.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $449.5K | - | N/A |
2 Bedrooms | $265K | $148K | -44.2% |
3 Bedrooms | $442.5K | $258.5K | -41.6% |
4 Bedrooms | $455K | $263K | -42.2% |
5+ Bedrooms | $322K | - | N/A |
Summary: Morriston housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44.2%, 3 bedroom homes decreased by 41.6%, 4 bedroom homes decreased by 42.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fellowship | $288.4K | $297.4K | +3.1% |
Williston-Bronson | $253.4K | $240K | -5.3% |
Cedar Key-Yankeetown | $267.4K | $243.9K | -8.8% |
Morriston | $405K | $250K | -38.3% |
Housing Supply in Morriston, FL
How many homes are available in Morriston, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 42 | +10.5% |
Summary: The Morriston real estate market had 42 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Morriston housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Morriston in March 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Morriston, FL
How long does it take to sell a home in Morriston, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 56 Days | +799.2% |
Summary: Homes in Morriston had an average of 56 days on market in Mar 2024, up by 799.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Morriston; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.