Is Morris Township, IL 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, Morris Township has remained a Seller's Market.
Housing Prices in Morris Township, IL
How much do homes in Morris Township, IL cost?
Median Sold Price
$251,333
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morris Township was $251,333 in March 2024, up 15.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.5K | $105K | -26.8% |
2 Bedrooms | $150K | $169K | +12.7% |
3 Bedrooms | $230K | $252.4K | +9.8% |
4 Bedrooms | $310.5K | $340K | +9.5% |
5+ Bedrooms | $379.9K | $365K | -3.9% |
Summary: Morris Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.8%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
Morris Township | $217.4K | $251.3K | +15.6% |
Saratoga Township | $252.4K | $280K | +10.9% |
Morris | $242.5K | $252K | +3.9% |
Wauponsee Township | $296K | $252K | -14.9% |
Goose Lake Township | $379K | $320K | -15.6% |
Housing Supply in Morris Township, IL
How many homes are available in Morris Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 58 | +13.7% |
Summary: The Morris Township real estate market had 58 homes for sale in March 2024, a 13.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 24 | 27 | +12.5% |
4 Bedrooms | 6 | 11 | +83.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Morris Township 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 21 | +110.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Morris Township in March 2024, up by 110.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 10% were sold at asking, and 29% were sold over asking.
Days on Market for Morris Township, IL
How long does it take to sell a home in Morris Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 37 Days | -23.5% |
Summary: Homes in Morris Township had an average of 37 days on market in Mar 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Morris Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.