Is Morton, 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, Morton has remained a Seller's Market.
Housing Prices in Morton, IL
How much do homes in Morton, IL cost?
Median Sold Price
$240,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morton was $240,000 in March 2024, up 6.7% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84K | - | N/A |
2 Bedrooms | $147.5K | $167K | +13.2% |
3 Bedrooms | $188K | $220.6K | +17.4% |
4 Bedrooms | $281.2K | $274.9K | -2.2% |
5+ Bedrooms | $423K | $440.7K | +4.2% |
Summary: Morton 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 13.2%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Groveland Township | $140K | $160K | +14.3% |
East Peoria | $150K | $170K | +13.3% |
Morton | $225K | $240K | +6.7% |
Morton Township | $225K | $240K | +6.7% |
Housing Supply in Morton, IL
How many homes are available in Morton, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 42 | +13.5% |
Summary: The Morton real estate market had 42 homes for sale in March 2024, a 13.5% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 12 | 22 | +83.3% |
4 Bedrooms | 14 | 11 | -21.4% |
5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Morton 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 25%, 3 bedroom homes increased by 83.3%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Morton in March 2024, up by 128.6% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Morton, IL
How long does it take to sell a home in Morton, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
1 Days | 22 Days | +1335.7% |
Summary: Homes in Morton had an average of 22 days on market in Mar 2024, up by 1335.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Morton; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.