$9 Closing Credit*
$725
545 SqFt
1 Bed
•1 Full Bath
Nadeem A Gebrael, Listing Office: Gebrael Management
Is Mount Morris, 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, Mount Morris has remained a Seller's Market.
Key Takeaway
Mount Morris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Morris, MI
How much do homes in Mount Morris, MI cost?
Median Sold Price
$128,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-1.5%)
Key Takeaway
Homes in Mount Morris have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Mount Morris was $128,000 in November 2024, down 1.5% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $22.8K | $17.3K | -23.9% |
| 2 Bedrooms | $88K | $95.5K | +8.5% |
| 3 Bedrooms | $135K | $130K | -3.7% |
| 4 Bedrooms | $145.7K | $182.4K | +25.2% |
| 5+ Bedrooms | $154.5K | $310K | +100.6% |
Summary: Mount Morris housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.9%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 100.6%.
Median Sold Price Compared To Nearby Cities
| Mount Morris | $130K | $128K | -1.5% |
| Mount Morris Township | $129.9K | $125.4K | -3.4% |
| Genesee Charter Township | $151K | $142K | -6.0% |
Housing Supply in Mount Morris, MI
How many homes are available in Mount Morris, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 96 | +39.1% |
Summary: The Mount Morris real estate market had 96 homes for sale in November 2024, a 39.1% 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 | 17 | 22 | +29.4% |
| 3 Bedrooms | 38 | 54 | +42.1% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mount Morris 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 29.4%, 3 bedroom homes increased by 42.1%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Morris, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Mount Morris in November 2024, up by 41.7% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for Mount Morris, MI
How long does it take to sell a home in Mount Morris, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 62 Days | +82.9% |
Summary: Homes in Mount Morris had an average of 62 days on market in Nov 2024, up by 82.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Morris are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Mount Morris; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% 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.