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 February 2023
At the same time last year, Mount Morris Township was a Seller's Market.
Housing Prices in Mount Morris Township, MI
How much do homes in Mount Morris Township, MI cost?
Median Sold Price
$129,950
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mount Morris Township was $129,950 in February 2024, up 13.5% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40.6K | $39.5K | -2.8% |
2 Bedrooms | $90K | $100K | +11.1% |
3 Bedrooms | $117.2K | $134K | +14.3% |
4 Bedrooms | $156K | $154K | -1.3% |
5+ Bedrooms | $167K | $157K | -6.0% |
Summary: Mount Morris Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
Mount Morris | $89.9K | $130K | +44.6% |
Flint | $65K | $79.9K | +23.1% |
Genesee Charter Township | $140K | $159K | +13.6% |
Mount Morris Township | $114.5K | $129.9K | +13.5% |
Vienna Charter Township | $199.4K | $215K | +7.8% |
Housing Supply in Mount Morris Township, MI
How many homes are available in Mount Morris Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
89 | 89 | 0.0% |
Summary: The Mount Morris Township real estate market had 89 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 21 | 15 | -28.6% |
3 Bedrooms | 46 | 56 | +21.7% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mount Morris Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 12 | -36.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mount Morris Township in February 2024, down by 36.8% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
99 Days | 38 Days | -61.0% |
Summary: Homes in Mount Morris Township had an average of 38 days on market in Feb 2024, down by 61% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in Mount Morris Township; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.