Is Mount Morris Township, 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 Township has remained a Seller's Market.
Key Takeaway
Mount Morris Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Morris Township, MI
How much do homes in Mount Morris Township, MI cost?
Median Sold Price
$127,543
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mount Morris Township have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Mount Morris Township was $127,543 in March 2024, up 10.9% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40.6K | $39.5K | -2.8% |
| 2 Bedrooms | $88K | $94.1K | +7.0% |
| 3 Bedrooms | $122.4K | $134K | +9.5% |
| 4 Bedrooms | $147K | $156.5K | +6.5% |
| 5+ Bedrooms | $172K | $155.7K | -9.4% |
Summary: Mount Morris Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 9.4%.
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% |
| Vienna Charter Township | $199K | $215K | +8.0% |
| Flint | $74.6K | $77.9K | +4.4% |
Housing Supply in Mount Morris Township, MI
How many homes are available in Mount Morris Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 | 103 | +10.8% |
Summary: The Mount Morris Township real estate market had 103 homes for sale in March 2024, a 10.8% 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 | 18 | 23 | +27.8% |
| 3 Bedrooms | 56 | 58 | +3.6% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mount 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 increased by 27.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 26 | +100.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Morris Township, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Mount Morris Township in March 2024, up by 100.0% month-over-month. Of the 26 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Mount Morris Township, MI
How long does it take to sell a home in Mount Morris Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 53 Days | +4.5% |
Summary: Homes in Mount Morris Township had an average of 53 days on market in Mar 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Morris Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in Mount Morris Township; 58% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.