$5,106 Closing Credit*
$430,000
2,459 SqFt
4 Beds
•3 Full Baths, 1 Partial
Matt Muncher, Listing Office: RE/MAX Northern Properties
Is Morris, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Morris was a Buyer's Market.
Key Takeaway
Morris is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Morris, AL
How much do homes in Morris, AL cost?
Median Sold Price
$305,000
$157/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$7,090(+2.4%)
Key Takeaway
Homes in Morris have sold for 2.4% more than they did a month ago.
Summary: The median home sold price in Morris was $305,000 in November 2024, up 2.4% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $297.9K | $305K | +2.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Morris housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kimberly-Morris | $248.9K | $365K | +46.6% |
| Kimberly | $295K | $352K | +19.3% |
| Morris | $297.9K | $305K | +2.4% |
Housing Supply in Morris, AL
How many homes are available in Morris, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Morris real estate market had 27 homes for sale in November 2024, a 17.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Morris housing inventory by bedroom type for November 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 12.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morris, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Morris in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Morris, AL
How long does it take to sell a home in Morris, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Day | 17 Days | +1650.0% |
Summary: Homes in Morris had an average of 17 days on market in Nov 2024, up by 1650% compared to last month.
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 Morris are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 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.
