Is Morrison, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Morrison was a Seller's Market.
Housing Prices in Morrison, TN
How much do homes in Morrison, TN cost?
Median Sold Price
$334,900
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morrison was $334,900 in March 2024, up 19.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $124K | $225K | +81.5% |
3 Bedrooms | $270K | $363K | +34.4% |
4 Bedrooms | $425.9K | $423.5K | -0.6% |
5+ Bedrooms | $395K | $279K | -29.4% |
Summary: Morrison 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 81.5%, 3 bedroom homes increased by 34.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 29.4%.
Housing Supply in Morrison, TN
How many homes are available in Morrison, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Summary: The Morrison real estate market had 16 homes for sale in March 2024, a 11.1% 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 | 1 | 0 | -100.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 5 | 2 | -60.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Morrison 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 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Morrison in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Morrison, TN
How long does it take to sell a home in Morrison, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 31 Days | -25.6% |
Summary: Homes in Morrison had an average of 31 days on market in Mar 2024, down by 25.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Morrison; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.