Is Morrow County, OH 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, Morrow County has remained a Seller's Market.
Key Takeaway
Morrow County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morrow County, OH
How much do homes in Morrow County, OH cost?
Median Sold Price
$290,333
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Morrow County have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Morrow County was $290,333 in May 2024, up 15.2% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100.2K | $150K | +49.6% |
| 2 Bedrooms | $160K | $165K | +3.1% |
| 3 Bedrooms | $243.5K | $290K | +19.1% |
| 4 Bedrooms | $300K | $359.9K | +20.0% |
| 5+ Bedrooms | $386.8K | $425K | +9.9% |
Summary: Morrow County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Counties
| Morrow County | $252K | $290.3K | +15.2% |
| Knox County | $235K | $270K | +14.9% |
| Crawford County | $145K | $165.5K | +14.1% |
| Marion County | $154.8K | $165.2K | +6.7% |
| Richland County | $200K | $211.6K | +5.8% |
Housing Supply in Morrow County, OH
How many homes are available in Morrow County, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 87 | +17.6% |
Summary: The Morrow County real estate market had 87 homes for sale in May 2024, a 17.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 20 | 25 | +25.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Morrow County 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 increased by 25%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 29 | +81.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrow County, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Morrow County in May 2024, up by 81.3% month-over-month. Of the 29 sold homes, 52% were sold under asking, 10% were sold at asking, and 38% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 32 Days | +57.1% |
Summary: Homes in Morrow County had an average of 32 days on market in May 2024, up by 57.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 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 May 2024, 29 homes were sold in Morrow County; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 7% 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.