Is Morris, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Morris has remained a Seller's Market.
Key Takeaway
Morris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morris, CT
How much do homes in Morris, CT cost?
Median Sold Price
$530,000
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Morris have sold for 34.2% more than they did a year ago.
Summary: The median home sold price in Morris was $530,000 in May 2024, up 34.2% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $322.5K | N/A |
| 2 Bedrooms | $275K | $462K | +68.0% |
| 3 Bedrooms | $380K | $531K | +39.7% |
| 4 Bedrooms | $495K | $985.5K | +99.1% |
| 5+ Bedrooms | $1.3M | $1.0M | -18.5% |
Summary: Morris housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 68%, 3 bedroom homes increased by 39.7%, 4 bedroom homes increased by 99.1%, and 5+ bedroom homes decreased by 18.5%.
Median Sold Price Compared To Nearby Cities
| Washington | $595K | $1.0M | +76.8% |
| Morris | $395K | $530K | +34.2% |
| Bethlehem | $410K | $470K | +14.6% |
Housing Supply in Morris, CT
How many homes are available in Morris, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Morris real estate market had 10 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Morris housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morris, 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 Morris in May 2024, the same as the previous 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 Morris, CT
We’re sorry, we don't have information for this market at the moment
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