Is Morristown, VT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morristown is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Morristown has remained a Buyer's Market.

Key Takeaway

Morristown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Morristown, VT

How much do homes in Morristown, VT cost?

Median Sold Price

$485,000

$240/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$195,000(+67.2%)

Key Takeaway

Homes in Morristown have sold for 67.2% more than they did a month ago.

Summary: The median home sold price in Morristown was $485,000 in August 2024, up 67.2% from last month, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 $290K-
N/A
2 --
N/A
3 -$485K
N/A
4 --
N/A
5+ --
N/A

Summary: Morristown housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Morristown
+67.2%
Morrisville
+67.2%

Housing Supply in Morristown, VT

How many homes are available in Morristown, VT?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1522+46.7%

Summary: The Morristown real estate market had 22 homes for sale in August 2024, a 46.7% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 00
0.0%
3 1016
+60.0%
4 44
0.0%
5+ 01
+100.0%

Summary: The Morristown housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morristown, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Morristown in August 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Morristown, VT

We’re sorry, we don't have information for this market at the moment

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

Report Updated 16 Days Ago

Newest Listings in Morristown, VT

Nearby Markets to Morristown, VT

What housing markets are near Morristown, VT?