Is Mount Morris, NY 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, Mount Morris has remained a Seller's Market.
Key Takeaway
Mount Morris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Morris, NY
How much do homes in Mount Morris, NY cost?
Median Sold Price
$162,500
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mount Morris have sold for 40.1% more than they did a year ago.
Summary: The median home sold price in Mount Morris was $162,500 in May 2024, up 40.1% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $211K | N/A |
| 2 Bedrooms | $86.5K | $82.5K | -4.6% |
| 3 Bedrooms | $116.9K | $140.7K | +20.4% |
| 4 Bedrooms | $136.5K | $195K | +42.9% |
| 5+ Bedrooms | $125K | $160K | +28.0% |
Summary: Mount 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 decreased by 4.6%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 28%.
Housing Supply in Mount Morris, NY
How many homes are available in Mount Morris, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Mount 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Morris housing inventory by bedroom type for May 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Morris, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Mount Morris in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mount Morris, NY
How long does it take to sell a home in Mount Morris, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 15 Days | -58.2% |
Summary: Homes in Mount Morris had an average of 15 days on market in May 2024, down by 58.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Morris are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Mount Morris; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
