Is Morrow County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Morrow County was a Seller's Market.
Key Takeaway
Morrow County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morrow County, OH
How much do homes in Morrow County, OH cost?
Median Sold Price
$290,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Morrow County have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in Morrow County was $290,000 in April 2024, up 17.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100.2K | - | N/A |
| 2 Bedrooms | $160K | $173K | +8.1% |
| 3 Bedrooms | $239.4K | $290K | +21.1% |
| 4 Bedrooms | $310K | $348.5K | +12.4% |
| 5+ Bedrooms | $393.4K | $425K | +8.0% |
Summary: Morrow County 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 8.1%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Counties
| Morrow County | $246.1K | $290K | +17.8% |
| Knox County | $235K | $265K | +12.8% |
| Crawford County | $146.5K | $160.7K | +9.7% |
| Marion County | $154.9K | $164.6K | +6.3% |
| Richland County | $204.9K | $215K | +4.9% |
Housing Supply in Morrow County, OH
How many homes are available in Morrow County, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 104 | 113 | +8.7% |
Summary: The Morrow County real estate market had 113 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 66 | 63 | -4.5% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Morrow County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 15 | -37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrow County, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Morrow County in April 2024, down by 37.5% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Morrow County, OH
How long does it take to sell a home in Morrow County, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 32 Days | -8.3% |
Summary: Homes in Morrow County had an average of 32 days on market in Apr 2024, down by 8.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morrow County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Morrow County; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.