$6,733 Closing Credit*
$567,000
2,728 SqFt
4 Beds
•2 Full Baths, 1 Partial
JoAnn Rakowski, Listing Office: BHHS Fox & Roach -Yardley/Newtown
Is Morrisville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Morrisville has remained a Seller's Market.
Key Takeaway
Morrisville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morrisville, PA
How much do homes in Morrisville, PA cost?
Median Sold Price
$375,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+5.6%)
Key Takeaway
Homes in Morrisville have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Morrisville was $375,000 in November 2024, up 5.6% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | - | N/A |
| 2 Bedrooms | $282.5K | $343K | +21.4% |
| 3 Bedrooms | $327.5K | $337.5K | +3.1% |
| 4 Bedrooms | $420K | $450K | +7.1% |
| 5+ Bedrooms | $520K | $375K | -27.9% |
Summary: Morrisville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 27.9%.
Median Sold Price Compared To Nearby Cities
| Trenton | $290.2K | $329.9K | +13.7% |
| Falls Township | $370K | $398K | +7.6% |
| Lower Makefield Township | $603.5K | $647.5K | +7.3% |
| Morrisville | $355K | $375K | +5.6% |
Housing Supply in Morrisville, PA
How many homes are available in Morrisville, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 31 | -18.4% |
Summary: The Morrisville real estate market had 31 homes for sale in November 2024, a 18.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Morrisville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrisville, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Morrisville in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 11 Days | -46.9% |
Summary: Homes in Morrisville had an average of 11 days on market in Nov 2024, down by 46.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morrisville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Morrisville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
