$2,493 Closing Credit*
$209,900
2,926 SqFt
4 Beds
•2 Full Baths, 1 Partial
Mike Ward, Listing Office: RE/MAX Advantage
Is Morrow, GA 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, Morrow was a Seller's Market.
Key Takeaway
Morrow 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 Morrow, GA
How much do homes in Morrow, GA cost?
Median Sold Price
$235,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+2.2%)
Key Takeaway
Homes in Morrow have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Morrow was $235,000 in October 2024, up 2.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $160K | -15.8% |
| 3 Bedrooms | $225K | $223K | -0.9% |
| 4 Bedrooms | $269.9K | $264.9K | -1.9% |
| 5+ Bedrooms | $307.5K | $302.5K | -1.6% |
Summary: Morrow 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 decreased by 15.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Morrow | $230K | $235K | +2.2% |
| Forest Park-Morrow | $230K | $229.8K | -0.1% |
| Forest Park | $200K | $187K | -6.5% |
Housing Supply in Morrow, GA
How many homes are available in Morrow, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 110 | +23.6% |
Summary: The Morrow real estate market had 110 homes for sale in October 2024, a 23.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 48 | 67 | +39.6% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Morrow housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 39.6%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrow, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Morrow in October 2024, up by 6.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.
Days on Market for Morrow, GA
How long does it take to sell a home in Morrow, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 38 Days | +180.8% |
Summary: Homes in Morrow had an average of 38 days on market in Oct 2024, up by 180.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Morrow are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Morrow; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.