Is Mount Morris Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Morris Township is a seller's market

Buyer's
Market

Difference Since May 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

$130,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,000(+13.0%)

Key Takeaway

Homes in Mount Morris Township have sold for 13% more than they did a year ago.

Summary: The median home sold price in Mount Morris Township was $130,000 in May 2024, up 13% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $14.7K$39.5K
+167.8%
2 $87K$95.7K
+10.0%
3 $125K$132.9K
+6.4%
4 $137.2K$185K
+34.8%
5+ $115K$160K
+39.1%

Summary: Mount Morris Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.8%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 39.1%.

Median Sold Price Compared To Nearby Cities

Mount Morris
+18.6%
Mount Morris Township
+13.0%
Genesee Charter Township
+10.7%
Vienna Charter Township
+8.1%
Flint
-8.3%

Housing Supply in Mount Morris Township, MI

How many homes are available in Mount Morris Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
106100-5.7%

Summary: The Mount Morris Township real estate market had 100 homes for sale in May 2024, a 5.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 2326
+13.0%
3 6258
-6.5%
4 1913
-31.6%
5+ 22
0.0%

Summary: The Mount Morris Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
3230-6.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Morris Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Mount Morris Township in May 2024, down by 6.3% month-over-month. Of the 30 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% 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

May 2023May 2024CHANGE
60 Days47 Days-22.7%

Summary: Homes in Mount Morris Township had an average of 47 days on market in May 2024, down by 22.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 30 homes were sold in Mount Morris Township; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

Newest Listings in Mount Morris Township, MI

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