Is Morton, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morton is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Morton, WA

How much do homes in Morton, WA cost?

Median Sold Price

$358,750

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$48,750(+15.7%)

Key Takeaway

Homes in Morton have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Morton was $358,750 in March 2024, up 15.7% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $268K$399.8K
+49.2%
2 $279K$280K
0.4%
3 $310K$385K
+24.2%
4 $370K$465K
+25.7%
5+ $759K$737K
-2.9%

Summary: Morton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.2%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 2.9%.

Housing Supply in Morton, WA

How many homes are available in Morton, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
12120.0%

Summary: The Morton real estate market had 12 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 22
0.0%
3 75
-28.6%
4 13
+200.0%
5+ 00
0.0%

Summary: The Morton 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was 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 Morton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Morton in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Morton, WA

How long does it take to sell a home in Morton, WA?

Average Sale Time

Mar 2023Mar 2024CHANGE
134 Days9 Days-93.3%

Summary: Homes in Morton had an average of 9 days on market in Mar 2024, down by 93.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 1 homes were sold in Morton; 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.

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

Report Updated 15 Days Ago

Newest Listings in Morton, WA

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