Is Morrow, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Morrow has remained a Seller's Market.
Housing Prices in Morrow, GA
How much do homes in Morrow, GA cost?
Median Sold Price
$230,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morrow was $230,000 in April 2024, up 2.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $145K | $162K | +11.7% |
3 Bedrooms | $219.9K | $223K | +1.4% |
4 Bedrooms | $268.9K | $270K | 0.4% |
5+ Bedrooms | $460K | $298.7K | -35.1% |
Summary: Morrow housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 35.1%.
Median Sold Price Compared To Nearby Cities
Forest Park | $190K | $200K | +5.3% |
Morrow | $225K | $230K | +2.2% |
Forest Park-Morrow | $232.5K | $232.2K | -0.1% |
Housing Supply in Morrow, GA
How many homes are available in Morrow, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 103 | +5.1% |
Summary: The Morrow real estate market had 103 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 36 | 40 | +11.1% |
4 Bedrooms | 37 | 36 | -2.7% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Morrow housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Morrow in April 2024, down by 15.4% month-over-month. Of the 21 sold homes, 57% were sold under asking, 19% were sold at asking, and 24% were sold over asking.
Days on Market for Morrow, GA
How long does it take to sell a home in Morrow, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 32 Days | -32.2% |
Summary: Homes in Morrow had an average of 32 days on market in Apr 2024, down by 32.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Morrow; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.