$150,000
40.00 Acres
Land
Blake Kenneth VerWoert, Listing Office: Wildlife Realty
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 October 2023
Since last year, Mount Morris Township has remained a Seller's Market.
Key Takeaway
Mount Morris Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Morris Township, MI
How much do homes in Mount Morris Township, MI cost?
Median Sold Price
$128,500
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,500(-1.2%)
Key Takeaway
Homes in Mount Morris Township have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Mount Morris Township was $128,500 in October 2024, down 1.2% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $34K | -24.4% |
| 2 Bedrooms | $89.9K | $87.4K | -2.7% |
| 3 Bedrooms | $134.5K | $129.4K | -3.8% |
| 4 Bedrooms | $156.5K | $186K | +18.8% |
| 5+ Bedrooms | $155.7K | $250K | +60.5% |
Summary: Mount Morris Township 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 decreased by 2.7%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 60.5%.
Median Sold Price Compared To Nearby Cities
| Vienna Charter Township | $210K | $225K | +7.1% |
| Mount Morris | $130K | $129.4K | -0.4% |
| Mount Morris Township | $130K | $128.5K | -1.2% |
| Flint | $81.3K | $79.1K | -2.6% |
| Genesee Charter Township | $151.5K | $145K | -4.3% |
Housing Supply in Mount Morris Township, MI
How many homes are available in Mount Morris Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 | 104 | +4.0% |
Summary: The Mount Morris Township real estate market had 104 homes for sale in October 2024, a 4.0% increase 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 | 20 | 24 | +20.0% |
| 3 Bedrooms | 59 | 58 | -1.7% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mount Morris Township 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 20%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 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. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Mount Morris Township in October 2024, down by 28.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 49 Days | +2.4% |
Summary: Homes in Mount Morris Township had an average of 49 days on market in Oct 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 18 homes were sold in Mount Morris Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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. 
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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.