Is Morrow, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Morrow has remained a Seller's Market.
Housing Prices in Morrow, OH
How much do homes in Morrow, OH cost?
Median Sold Price
$368,900
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morrow was $368,900 in April 2024, up 5.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $459.3K | $336.5K | -26.7% |
3 Bedrooms | $308K | $346K | +12.3% |
4 Bedrooms | $354.9K | $366K | +3.1% |
5+ Bedrooms | $451K | $475K | +5.3% |
Summary: Morrow 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 decreased by 26.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Salem Township | $153K | $175K | +14.4% |
Morrow | $350K | $368.9K | +5.4% |
Housing Supply in Morrow, OH
How many homes are available in Morrow, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 26 | +85.7% |
Summary: The Morrow real estate market had 26 homes for sale in April 2024, a 85.7% 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 | 0 | -100.0% |
3 Bedrooms | 6 | 13 | +116.7% |
4 Bedrooms | 4 | 10 | +150.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Morrow 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 decreased by 100%, 3 bedroom homes increased by 116.7%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Morrow in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Morrow, OH
How long does it take to sell a home in Morrow, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 217 Days | +259.7% |
Summary: Homes in Morrow had an average of 217 days on market in Apr 2024, up by 259.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Morrow; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.