Is Morrow, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Morrow has remained a Seller's Market.
Housing Prices in Morrow, GA
How much do homes in Morrow, GA cost?
Median Sold Price
$232,333
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morrow was $232,333 in March 2024, up 5.7% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155K | $162K | +4.5% |
3 Bedrooms | $219.9K | $225K | +2.3% |
4 Bedrooms | $252.5K | $270K | +6.9% |
5+ Bedrooms | $460K | $285K | -38.0% |
Summary: Morrow 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 increased by 4.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 38%.
Median Sold Price Compared To Nearby Cities
Morrow | $219.9K | $232.3K | +5.7% |
Forest Park | $190K | $200K | +5.3% |
Forest Park-Morrow | $231.3K | $232.2K | 0.4% |
Housing Supply in Morrow, GA
How many homes are available in Morrow, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 107 | +27.4% |
Summary: The Morrow real estate market had 107 homes for sale in March 2024, a 27.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 29 | 37 | +27.6% |
4 Bedrooms | 36 | 42 | +16.7% |
5+ Bedrooms | 7 | 14 | +100.0% |
Summary: The Morrow housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 24 | +41.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Morrow in March 2024, up by 41.2% month-over-month. Of the 22 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Morrow, GA
How long does it take to sell a home in Morrow, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 47 Days | +82.6% |
Summary: Homes in Morrow had an average of 47 days on market in Mar 2024, up by 82.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Morrow; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.