Is Mount Morris, MI 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, Mount Morris has remained a Seller's Market.
Housing Prices in Mount Morris, MI
How much do homes in Mount Morris, MI cost?
Median Sold Price
$130,950
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mount Morris was $130,950 in March 2024, up 21.3% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50.7K | $39.5K | -22.2% |
2 Bedrooms | $86.9K | $91.3K | +5.1% |
3 Bedrooms | $119.2K | $137.8K | +15.6% |
4 Bedrooms | $134.5K | $151.7K | +12.8% |
5+ Bedrooms | $167K | $155.7K | -6.7% |
Summary: Mount Morris housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Cities
Mount Morris | $108K | $130.9K | +21.3% |
Mount Morris Township | $115K | $127.5K | +10.9% |
Genesee Charter Township | $140K | $155K | +10.7% |
Housing Supply in Mount Morris, MI
How many homes are available in Mount Morris, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 60 | +17.6% |
Summary: The Mount Morris real estate market had 60 homes for sale in March 2024, a 17.6% 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 | 8 | 11 | +37.5% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mount Morris 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 37.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Mount Morris in March 2024, up by 128.6% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.
Days on Market for Mount Morris, MI
How long does it take to sell a home in Mount Morris, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 55 Days | +30.6% |
Summary: Homes in Mount Morris had an average of 55 days on market in Mar 2024, up by 30.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Mount Morris; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.