Is Morrisville, PA 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, Morrisville has remained a Seller's Market.
Key Takeaway
Morrisville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morrisville, PA
How much do homes in Morrisville, PA cost?
Median Sold Price
$360,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Morrisville have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Morrisville was $360,000 in April 2024, up 14.3% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $260K | $282.5K | +8.7% |
| 3 Bedrooms | $310K | $332.4K | +7.2% |
| 4 Bedrooms | $391K | $435K | +11.3% |
| 5+ Bedrooms | $543.5K | $327.5K | -39.7% |
Summary: Morrisville 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 8.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 39.7%.
Median Sold Price Compared To Nearby Cities
| Trenton | $232.5K | $307.7K | +32.3% |
| Morrisville | $315K | $360K | +14.3% |
| Falls Township | $365K | $395K | +8.2% |
| Lower Makefield Township | $600K | $621.6K | +3.6% |
Housing Supply in Morrisville, PA
How many homes are available in Morrisville, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Morrisville real estate market had 27 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Morrisville 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 100%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrisville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Morrisville in April 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Morrisville, PA
How long does it take to sell a home in Morrisville, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 27 Days | -36.6% |
Summary: Homes in Morrisville had an average of 27 days on market in Apr 2024, down by 36.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Morrisville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Morrisville; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
