$3,907 Closing Credit*
$329,000
1,800 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Merithouse Realty
Is Morris Chapel, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Morris Chapel was a Seller's Market.
Key Takeaway
Morris Chapel is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morris Chapel, AL
How much do homes in Morris Chapel, AL cost?
Median Sold Price
$250,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,000(+14.2%)
Key Takeaway
Homes in Morris Chapel have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Morris Chapel was $250,000 in October 2024, up 14.2% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $146.5K | $153K | +4.4% |
| 3 Bedrooms | $218K | $234K | +7.3% |
| 4 Bedrooms | $287.5K | $307.5K | +7.0% |
| 5+ Bedrooms | $138K | - | N/A |
Summary: Morris Chapel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Trinity | $244.9K | $280K | +14.3% |
| Morris Chapel | $219K | $250K | +14.2% |
| Trinity | $250K | $274.9K | +10.0% |
Housing Supply in Morris Chapel, AL
How many homes are available in Morris Chapel, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Morris Chapel real estate market had 34 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Morris Chapel housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morris Chapel, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Morris Chapel in October 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Morris Chapel, AL
We’re sorry, we don't have information for this market at the moment
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