Is Morrison, IL 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, Morrison was a Seller's Market.
Housing Prices in Morrison, IL
How much do homes in Morrison, IL cost?
Median Sold Price
$138,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morrison was $138,000 in March 2024, up 20.9% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $32.5K | $115.5K | +254.8% |
2 Bedrooms | $88.4K | $84.7K | -4.2% |
3 Bedrooms | $116.2K | $130K | +11.8% |
4 Bedrooms | $141.2K | $177.5K | +25.7% |
5+ Bedrooms | $167.4K | $273.5K | +63.3% |
Summary: Morrison housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 254.8%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 63.3%.
Median Sold Price Compared To Nearby Cities
Morrison | $114.1K | $138K | +20.9% |
Mount Pleasant Township | $115K | $118.9K | +3.4% |
Housing Supply in Morrison, IL
How many homes are available in Morrison, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Summary: The Morrison real estate market had 24 homes for sale in March 2024, a 9.1% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Morrison 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Morrison in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Morrison, IL
How long does it take to sell a home in Morrison, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 37 Days | -51.3% |
Summary: Homes in Morrison had an average of 37 days on market in Mar 2024, down by 51.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Morrison; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.