$9 Closing Credit*
$725
545 SqFt
1 Bed
•1 Full Bath
Nadeem A Gebrael, Listing Office: Gebrael Management
Is Mount Morris Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mount Morris Township was a Seller's Market.
Key Takeaway
Mount Morris Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Morris Township, MI
How much do homes in Mount Morris Township, MI cost?
Median Sold Price
$125,450
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,450(-3.4%)
Key Takeaway
Homes in Mount Morris Township have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Mount Morris Township was $125,450 in November 2024, down 3.4% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $14.7K | $17.3K | +17.7% |
| 2 Bedrooms | $88K | $95K | +8.0% |
| 3 Bedrooms | $135K | $125.4K | -7.1% |
| 4 Bedrooms | $154.2K | $185K | +19.9% |
| 5+ Bedrooms | $154.5K | $250K | +61.8% |
Summary: Mount Morris Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 61.8%.
Median Sold Price Compared To Nearby Cities
| Vienna Charter Township | $215.1K | $225K | +4.6% |
| Mount Morris | $130K | $128K | -1.5% |
| Flint | $79.9K | $78.1K | -2.2% |
| Mount Morris Township | $129.9K | $125.4K | -3.4% |
| Genesee Charter Township | $151K | $142K | -6.0% |
Housing Supply in Mount Morris Township, MI
How many homes are available in Mount Morris Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 144 | +34.6% |
Summary: The Mount Morris Township real estate market had 144 homes for sale in November 2024, a 34.6% 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 | 24 | 33 | +37.5% |
| 3 Bedrooms | 60 | 83 | +38.3% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mount Morris Township 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 37.5%, 3 bedroom homes increased by 38.3%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Morris Township, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Mount Morris Township in November 2024, the same as the previous month. Of the 20 sold homes, 45% were sold under asking, 35% were sold at asking, and 20% were sold over asking.
Days on Market for Mount Morris Township, MI
How long does it take to sell a home in Mount Morris Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 62 Days | +115.2% |
Summary: Homes in Mount Morris Township had an average of 62 days on market in Nov 2024, up by 115.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Morris Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Mount Morris Township; 55% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 25% 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.