$49,900
2.71 Acres
Land
Evan M DeVisser, Bradley Baker, Listing Office: Greenridge Realty (EGR)
Is Morley, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Morley has remained a Seller's Market.
Key Takeaway
Morley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morley, MI
How much do homes in Morley, MI cost?
Median Sold Price
$227,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+4.6%)
Key Takeaway
Homes in Morley have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Morley was $227,000 in November 2024, up 4.6% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $73K | N/A |
| 2 Bedrooms | $132.5K | $96.2K | -27.4% |
| 3 Bedrooms | $249.9K | $241.5K | -3.4% |
| 4 Bedrooms | $293.2K | $289.9K | -1.1% |
| 5+ Bedrooms | - | $460K | N/A |
Summary: Morley 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 27.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Deerfield Township | $185K | $203K | +9.7% |
| Morley | $217K | $227K | +4.6% |
Housing Supply in Morley, MI
How many homes are available in Morley, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Morley real estate market had 23 homes for sale in November 2024, a 9.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Morley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, 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
0 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 Morley, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Morley in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Morley, MI
How long does it take to sell a home in Morley, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 324 Days | 12 Days | -96.1% |
Summary: Homes in Morley had an average of 12 days on market in Nov 2024, down by 96.1% compared to last year.
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 Morley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Morley; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.