$1,425 Closing Credit*
$120,000
668 SqFt
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Crown Realtors
Is Morris, MN 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, Morris has remained a Seller's Market.
Key Takeaway
Morris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morris, MN
How much do homes in Morris, MN cost?
Median Sold Price
$198,500
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+19.6%)
Key Takeaway
Homes in Morris have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Morris was $198,500 in October 2024, up 19.6% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $168.5K | +40.4% |
| 3 Bedrooms | $159.9K | $188K | +17.6% |
| 4 Bedrooms | $175K | $260K | +48.6% |
| 5+ Bedrooms | $244K | $284K | +16.4% |
Summary: Morris housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.4%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 48.6%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Morris | $166K | $198.5K | +19.6% |
| Morris Township | $166K | $198.5K | +19.6% |
Housing Supply in Morris, MN
How many homes are available in Morris, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Summary: The Morris real estate market had 16 homes for sale in October 2024, a 20.0% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 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 50%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 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 may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Morris in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 33 Days | -12.4% |
Summary: Homes in Morris had an average of 33 days on market in Oct 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were 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 October 2024, 5 homes were sold in Morris; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
