Is Morristown Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Morristown Township has remained a Seller's Market.
Key Takeaway
Morristown Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morristown Township, MN
How much do homes in Morristown Township, MN cost?
Median Sold Price
$220,500
$129/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Morristown Township have sold for 15.2% less than they did a month ago.
Summary: The median home sold price in Morristown Township was $220,500 in April 2024, down 15.2% from last month, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $260K | $305K | +17.3% |
| 4 Bedrooms | - | $220.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Morristown Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Morristown Township | $260K | $220.5K | -15.2% |
| Morristown | $260K | $220.5K | -15.2% |
Housing Supply in Morristown Township, MN
How many homes are available in Morristown Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Morristown Township real estate market had 10 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Morristown Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morristown Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Morristown Township in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Morristown Township, MN
How long does it take to sell a home in Morristown Township, MN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 34 Days | -50.1% |
Summary: Homes in Morristown Township had an average of 34 days on market in Apr 2024, down by 50.1% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Morristown Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Morristown Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
