$4,156 Closing Credit*
$350,000
2,576 SqFt
5 Beds
•2 Full Baths
Listing Office: Keller Williams Realty Professionals
Is Morrison County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Morrison County has remained a Seller's Market.
Key Takeaway
Morrison County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morrison County, MN
How much do homes in Morrison County, MN cost?
Median Sold Price
$256,960
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,960(+4.9%)
Key Takeaway
Homes in Morrison County have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Morrison County was $256,960 in November 2024, up 4.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139K | $139K | 0.0% |
| 2 Bedrooms | $185K | $230K | +24.3% |
| 3 Bedrooms | $265K | $241K | -9.1% |
| 4 Bedrooms | $282.4K | $290K | +2.7% |
| 5+ Bedrooms | $335K | $424K | +26.6% |
Summary: Morrison County 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 24.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 26.6%.
Median Sold Price Compared To Nearby Counties
| Benton County | $278.2K | $297.3K | +6.9% |
| Mille Lacs County | $299.9K | $315K | +5.0% |
| Morrison County | $245K | $256.9K | +4.9% |
| Todd County | $199.9K | $202.7K | +1.4% |
| Crow Wing County | $350K | $355K | +1.4% |
Housing Supply in Morrison County, MN
How many homes are available in Morrison County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 124 | 113 | -8.9% |
Summary: The Morrison County real estate market had 113 homes for sale in November 2024, a 8.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 2 | -66.7% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 59 | 53 | -10.2% |
| 4 Bedrooms | 26 | 23 | -11.5% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Morrison County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 19 | -55.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrison County, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Morrison County in November 2024, down by 55.8% month-over-month. Of the 19 sold homes, 63% were sold under asking, 16% were sold at asking, and 21% were sold over asking.
Days on Market for Morrison County, MN
How long does it take to sell a home in Morrison County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | -0.2% |
Summary: Homes in Morrison County had an average of 35 days on market in Nov 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morrison County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Morrison County; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
