$3,800 Closing Credit*
$320,000
1,593 SqFt
2 Beds
•1 Full Bath
Listing Office: Prairie Real Estate
Is Morris, MN 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, Morris was a Seller's Market.
Key Takeaway
Morris is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morris, MN
How much do homes in Morris, MN cost?
Median Sold Price
$194,900
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,900(+14.6%)
Key Takeaway
Homes in Morris have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Morris was $194,900 in November 2024, up 14.6% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $128.8K | $134.7K | +4.6% |
| 3 Bedrooms | $159.9K | $189K | +18.2% |
| 4 Bedrooms | $175K | $262K | +49.7% |
| 5+ Bedrooms | $310K | $258K | -16.8% |
Summary: Morris 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 4.6%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 49.7%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Cities
| Morris | $170K | $194.9K | +14.6% |
| Morris Township | $170K | $194.9K | +14.6% |
Housing Supply in Morris, MN
How many homes are available in Morris, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Morris real estate market had 13 homes for sale in November 2024, a 7.1% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Morris, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Morris in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Morris, MN
How long does it take to sell a home in Morris, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 53 Days | -15.5% |
Summary: Homes in Morris had an average of 53 days on market in Nov 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Morris has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Morris; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
