Is Morton, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morton is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Morton has remained a Seller's Market.

Key Takeaway

Morton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Morton, IL cost?

Median Sold Price

$227,500

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$21,166(+10.3%)

Key Takeaway

Homes in Morton have sold for 10.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $130K$84K
-35.4%
2 $127.5K$140.1K
+9.9%
3 $184.7K$189K
+2.3%
4 $260K$277K
+6.5%
5+ $389K$384K
-1.3%

Median Sold Price Compared To Nearby Cities

Morton Township
+11.2%
Morton
+10.3%
Groveland Township
+5.5%
East Peoria
+0.8%

How many homes are available in Morton, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
6645-31.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 134
-69.2%
3 2218
-18.2%
4 2216
-27.3%
5+ 97
-22.2%

Number of Homes Sold

Aug 2022Sep 2022%
3218-43.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morton, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
11 Days17 Days+48.6%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Morton are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Morton, IL

Homes for sale in Morton, IL have reached 45. The number of listings in Morton, IL decreased by 31.8% between August 2022 and September 2022. In September 2022, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $227,500. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties became 35.4% more cheaper, prices of 2 bedrooms properties went up by 9.9%, 3 bedrooms properties became 2.3% more expensive, the cost of 4 bedrooms properties went up by 6.5%, prices of 5 bedrooms properties went down by 1.3%. This housing market inventory have changed: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 69.2%, 3 bedrooms homes became 18.2% less available, 4 bedrooms homes inventory decreased by 27.3%, volume of 5 bedrooms homes went down by 22.2%. Morton, IL housing market in September 2022 saw over 5 listings sold above listed price, more than 2 sold at listed price and over 11 sold below.