Is Morrisville, PA 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, Morrisville has remained a Seller's Market.
Housing Prices in Morrisville, PA
How much do homes in Morrisville, PA cost?
Median Sold Price
$360,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morrisville was $360,000 in March 2024, up 16.1% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $260K | $282.5K | +8.7% |
3 Bedrooms | $310K | $330K | +6.5% |
4 Bedrooms | $469.9K | $420K | -10.6% |
5+ Bedrooms | $450K | $375K | -16.7% |
Summary: Morrisville 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 8.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Cities
Trenton | $225K | $300K | +33.3% |
Morrisville | $310K | $360K | +16.1% |
Falls Township | $360.5K | $386K | +7.1% |
Lower Makefield Township | $600.5K | $619K | +3.1% |
Housing Supply in Morrisville, PA
How many homes are available in Morrisville, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 42 | -4.5% |
Summary: The Morrisville real estate market had 42 homes for sale in March 2024, a 4.5% decrease 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 | 2 | 1 | -50.0% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 17 | 14 | -17.6% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Morrisville 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 decreased by 50%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Morrisville in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Morrisville, PA
How long does it take to sell a home in Morrisville, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 36 Days | +34.6% |
Summary: Homes in Morrisville had an average of 36 days on market in Mar 2024, up by 34.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Morrisville; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.