$3,146 Closing Credit*
$264,900
1,276 SqFt
3 Beds
•2 Full Baths
Barbara Roll Wyzga, Listing Office: Coldwell Banker Professionals Morrice
Is Morrice, 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, Morrice has remained a Seller's Market.
Key Takeaway
Morrice is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morrice, MI
How much do homes in Morrice, MI cost?
Median Sold Price
$206,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,450(+30.8%)
Key Takeaway
Homes in Morrice have sold for 30.8% more than they did a year ago.
Summary: The median home sold price in Morrice was $206,000 in November 2024, up 30.8% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $132.5K | $139K | +4.9% |
| 3 Bedrooms | $140K | $195.5K | +39.6% |
| 4 Bedrooms | $301K | $305K | +1.3% |
| 5+ Bedrooms | $299.9K | $321K | +7.0% |
Summary: Morrice 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 increased by 4.9%, 3 bedroom homes increased by 39.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Morrice | $157.5K | $206K | +30.8% |
| Perry Township | $211K | $247K | +17.1% |
Housing Supply in Morrice, MI
How many homes are available in Morrice, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Morrice real estate market had 8 homes for sale in November 2024, a 14.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Morrice 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Morrice, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Morrice in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Morrice, MI
How long does it take to sell a home in Morrice, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 15 Days | -71.2% |
Summary: Homes in Morrice had an average of 15 days on market in Nov 2024, down by 71.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morrice are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Morrice; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.