$1,305 Closing Credit*
$109,900
1,500 SqFt
3 Beds
•2 Full Baths
Edy Salinas, Listing Office: EXP Realty, LLC.
Is Morrow, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Morrow was a Seller's Market.
Key Takeaway
Morrow is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morrow, GA
How much do homes in Morrow, GA cost?
Median Sold Price
$235,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 2.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $160K | -15.8% |
| 3 Bedrooms | $229K | $223K | -2.6% |
| 4 Bedrooms | $270K | $264.9K | -1.9% |
| 5+ Bedrooms | $310K | $300K | -3.2% |
Summary: Morrow housing prices by bedroom type for November 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 2.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Morrow | $230K | $235K | +2.2% |
| Forest Park-Morrow | $230.2K | $229.9K | -0.1% |
| Forest Park | $203K | $187.5K | -7.6% |
Housing Supply in Morrow, GA
How many homes are available in Morrow, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 111 | +6.7% |
Summary: The Morrow real estate market had 111 homes for sale in November 2024, a 6.7% 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 | 8 | 10 | +25.0% |
| 3 Bedrooms | 63 | 67 | +6.3% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Morrow 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 increased by 25%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrow, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Morrow in November 2024, down by 18.8% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 44 Days | +199.4% |
Summary: Homes in Morrow had an average of 44 days on market in Nov 2024, up by 199.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morrow are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Morrow; 69% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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