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 June 2023
Since last year, Mount Morris Township has remained a Seller's Market.
Housing Prices in Mount Morris Township, MI
How much do homes in Mount Morris Township, MI cost?
Median Sold Price
$130,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Mount Morris Township was $130,000 in June 2024, up 13% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40.6K | $39.5K | -2.8% |
2 Bedrooms | $86.9K | $95.8K | +10.3% |
3 Bedrooms | $129.9K | $130.9K | +0.8% |
4 Bedrooms | $136K | $172K | +26.5% |
5+ Bedrooms | $115K | $158.5K | +37.8% |
Summary: Mount Morris Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 37.8%.
Median Sold Price Compared To Nearby Cities
Mount Morris | $115K | $133.4K | +16.0% |
Mount Morris Township | $115K | $130K | +13.0% |
Genesee Charter Township | $143.4K | $154.4K | +7.7% |
Vienna Charter Township | $205K | $218.5K | +6.6% |
Flint | $82.6K | $76.8K | -7.0% |
Housing Supply in Mount Morris Township, MI
How many homes are available in Mount Morris Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
103 | 102 | -1.0% |
Summary: The Mount Morris Township real estate market had 102 homes for sale in June 2024, a 1.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 28 | 23 | -17.9% |
3 Bedrooms | 57 | 57 | 0.0% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Mount Morris Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
33 | 19 | -42.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Mount Morris Township in June 2024, down by 42.4% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
54 Days | 33 Days | -38.2% |
Summary: Homes in Mount Morris Township had an average of 33 days on market in Jun 2024, down by 38.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 19 homes were sold in Mount Morris Township; 74% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.