Is Morse, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morse is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Morse was a Buyer's Market.

Key Takeaway

Morse is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Morse, LA

How much do homes in Morse, LA cost?

Median Sold Price

$256,720

$134/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$23,125(+9.9%)

Key Takeaway

Homes in Morse have sold for 9.9% more than they did a month ago.

Summary: The median home sold price in Morse was $256,720 in December 2024, up 9.9% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $233.5K$256.7K
+9.9%
4 -$256.1K
N/A
5+ --
N/A

Summary: Morse housing prices by bedroom type for December 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 9.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Morse, LA

How many homes are available in Morse, LA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
11110.0%

Summary: The Morse real estate market had 11 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 75
-28.6%
4 46
+50.0%
5+ 00
0.0%

Summary: The Morse housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morse, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Morse in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Morse, LA

How long does it take to sell a home in Morse, LA?

Average Sale Time

Nov 2024Dec 2024CHANGE
283 Days40 Days-85.9%

Summary: Homes in Morse had an average of 40 days on market in Dec 2024, down by 85.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Morse are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in Morse; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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