$150,000
40.00 Acres
Land
Blake Kenneth VerWoert, Listing Office: Wildlife Realty
Is Mount Morris, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mount Morris was a Seller's Market.
Key Takeaway
Mount Morris is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mount Morris, MI
How much do homes in Mount Morris, MI cost?
Median Sold Price
$129,450
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$550(-0.4%)
Key Takeaway
The sold price of homes in Mount Morris has remained the same since last year.
Summary: The median home sold price in Mount Morris was $129,450 in October 2024, down 0.4% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $34K | -24.4% |
| 2 Bedrooms | $89.4K | $89.9K | 0.5% |
| 3 Bedrooms | $134K | $130K | -3.0% |
| 4 Bedrooms | $142K | $185K | +30.3% |
| 5+ Bedrooms | $155.7K | $310K | +99.0% |
Summary: Mount Morris housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.4%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 99%.
Median Sold Price Compared To Nearby Cities
| Mount Morris | $130K | $129.4K | -0.4% |
| Mount Morris Township | $130K | $128.5K | -1.2% |
| Genesee Charter Township | $151.5K | $145K | -4.3% |
Housing Supply in Mount Morris, MI
How many homes are available in Mount Morris, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 64 | -1.5% |
Summary: The Mount Morris real estate market had 64 homes for sale in October 2024, a 1.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 40 | 35 | -12.5% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Morris housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 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. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mount Morris in October 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 53 Days | +54.3% |
Summary: Homes in Mount Morris had an average of 53 days on market in Oct 2024, up by 54.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Morris are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Mount Morris; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
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.