Is Morrow County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Morrow County has remained a Seller's Market.
Key Takeaway
Morrow County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morrow County, OH
How much do homes in Morrow County, OH cost?
Median Sold Price
$290,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Morrow County have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Morrow County was $290,000 in March 2024, up 14.7% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100.2K | - | N/A |
| 2 Bedrooms | $162.4K | $181K | +11.4% |
| 3 Bedrooms | $246.7K | $288.4K | +16.9% |
| 4 Bedrooms | $305K | $348K | +14.1% |
| 5+ Bedrooms | $400K | $390K | -2.5% |
Summary: Morrow County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Counties
| Crawford County | $146.5K | $170K | +16.0% |
| Morrow County | $252.7K | $290K | +14.7% |
| Knox County | $235.1K | $263.4K | +12.0% |
| Richland County | $202K | $214.9K | +6.4% |
| Marion County | $156.5K | $161.2K | +3.0% |
Housing Supply in Morrow County, OH
How many homes are available in Morrow County, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 95 | 100 | +5.3% |
Summary: The Morrow County real estate market had 100 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 62 | 64 | +3.2% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Morrow County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrow County, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Morrow County in March 2024, up by 37.5% month-over-month. Of the 22 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Morrow County, OH
How long does it take to sell a home in Morrow County, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 50 Days | +49.8% |
Summary: Homes in Morrow County had an average of 50 days on market in Mar 2024, up by 49.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morrow County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Morrow County; 59% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.