Is Morrisville, PA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Morrisville is a neutral's market


Difference Since November 2022

At the same time last year, Morrisville was a Seller's Market.

Key Takeaway

Morrisville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Morrisville, PA

How much do homes in Morrisville, PA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Morrisville have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Morrisville was $352,500 in November 2023, up 13.7% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 -$255K
2 $244.9K$282.5K
3 $315K$325K
4 $345.5K$420K
5+ $450K$520K

Summary: Morrisville housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 15.6%.

Median Sold Price Compared To Nearby Cities

Lower Makefield Township
Falls Township

Housing Supply in Morrisville, PA

How many homes are available in Morrisville, PA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Morrisville real estate market had 50 homes for sale in November 2023, a 5.7% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
2 42
3 2923
4 1821
5+ 24

Summary: The Morrisville housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morrisville, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Morrisville in November 2023, down by 38.5% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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

Nov 2022Nov 2023CHANGE
19 Days19 Days+1.3%

Summary: Homes in Morrisville had an average of 19 days on market in Nov 2023, up by 1.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 8 homes were sold in Morrisville; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

Newest Listings in Morrisville, PA

Nearby Markets to Morrisville, PA

What housing markets are near Morrisville, PA?