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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Morris is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Mount Morris has remained a Seller's Market.

Key Takeaway

Mount Morris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Mount Morris, NY cost?

Median Sold Price

$129,000

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$22,510(+21.1%)

Key Takeaway

Homes in Mount Morris have sold for 21.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $106.6K$107.5K
+0.8%
3 $106.9K$125.4K
+17.3%
4 $109.1K$143K
+31.1%
5+ $40K$105K
+162.5%

How many homes are available in Mount Morris, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
13130.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 12
+100.0%
3 77
0.0%
4 21
-50.0%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Morris, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
35 Days20 Days-43.4%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Mount Morris, NY

Homes for sale in Mount Morris, NY have reached 13. In November 2022 median list price was $129,000 and the average listing age was 20 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0.8%, prices of 3 bedrooms properties increased by 17.3%, prices of 4 bedrooms properties increased by 31.1%, the cost of 5 bedrooms properties went up by 162.5%. This housing market inventory have changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went up by 100%, 3 bedrooms homes inventory did not change, 4 bedrooms homes inventory decreased by 50%, 5 bedrooms homes did not move. Over 3 listings were sold over their listed price in November 2022 in Mount Morris, NY. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price.