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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morrisville is a neutral's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Morrisville, PA cost?

Median Sold Price

$295,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$44,500(+17.8%)

Key Takeaway

Homes in Morrisville have sold for 17.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$105K
N/A
2 $220K$223.9K
+1.8%
3 $250K$298K
+19.2%
4 $293.7K$300K
+2.1%
5+ $351K$352.9K
+0.6%

Median Sold Price Compared To Nearby Cities

Morrisville
+17.8%
Lower Makefield Township
+12.1%
Falls Township
+3.2%
Trenton
+1.2%

How many homes are available in Morrisville, PA?

Number of Homes For Sale

Sep 2022Oct 2022%
3027-10.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 23
+50.0%
3 1815
-16.7%
4 99
0.0%
5+ 10
-100.0%

Number of Homes Sold

Sep 2022Oct 2022%
84-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morrisville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
21 Days34 Days+62.9%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Morrisville has remained consistent over time.

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

About Morrisville, PA

Homes for sale in Morrisville, PA have reached 27. The inventory of homes for sale in Morrisville, PA between September 2022 and October 2022 decreased by 10%. Listings spent 34 days on the market in October 2022, and had a median list price of $295,000 during the same period. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 1.8%, 3 bedrooms properties became 19.2% more expensive, prices of 4 bedrooms properties increased by 2.1%, prices of 5 bedrooms properties increased by 0.6%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes became 50% more available, 3 bedrooms homes became 16.7% less available, 4 bedrooms homes did not move, the quantity of 5 bedrooms homes went down by 100%. While more than 2 listings in Morrisville, PA in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.

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