Is Morris Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Morris Park was a Seller's Market.
Housing Prices in Morris Park, NY
How much do homes in Morris Park, NY cost?
Median Sold Price
$770,000
$389/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morris Park was $770,000 in April 2024, down 0.6% from last year, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $327.5K | - | N/A |
2 Bedrooms | $555K | $579K | +4.3% |
3 Bedrooms | $705.7K | $692.5K | -1.9% |
4 Bedrooms | $740K | $788.7K | +6.6% |
5+ Bedrooms | $950K | $990K | +4.2% |
Summary: Morris Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
Pelham Gardens | $685K | $693.7K | +1.3% |
Morris Park | $775K | $770K | -0.6% |
Pelham Bay | $790K | $705K | -10.8% |
Housing Supply in Morris Park, NY
How many homes are available in Morris Park, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 50 | +4.2% |
Summary: The Morris Park real estate market had 50 homes for sale in April 2024, a 4.2% 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 | 3 | +200.0% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Morris Park 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 increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Morris Park in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Morris Park, NY
How long does it take to sell a home in Morris Park, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 45 Days | -42.6% |
Summary: Homes in Morris Park had an average of 45 days on market in Apr 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Morris Park; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.