$3,383 Closing Credit*
$284,900
1,748 SqFt
2 Beds
•1 Full Bath
Listing Office: Hirschfeld Real Estate
Is Morrison County, 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, 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
$257,956
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,056(+7.5%)
Key Takeaway
Homes in Morrison County have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Morrison County was $257,956 in October 2024, up 7.5% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | $139K | +0.7% |
| 2 Bedrooms | $187.5K | $225.9K | +20.5% |
| 3 Bedrooms | $260K | $245K | -5.8% |
| 4 Bedrooms | $275K | $290K | +5.5% |
| 5+ Bedrooms | $312.2K | $424.9K | +36.1% |
Summary: Morrison County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 20.5%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 36.1%.
Median Sold Price Compared To Nearby Counties
| Morrison County | $239.9K | $257.9K | +7.5% |
| Benton County | $275K | $295.7K | +7.5% |
| Mille Lacs County | $298.3K | $316.3K | +6.0% |
| Crow Wing County | $340.8K | $350K | +2.7% |
| Todd County | $207.6K | $202.7K | -2.4% |
Housing Supply in Morrison County, MN
How many homes are available in Morrison County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 135 | 136 | +0.7% |
Summary: The Morrison County real estate market had 136 homes for sale in October 2024, a 0.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 61 | 63 | +3.3% |
| 4 Bedrooms | 30 | 31 | +3.3% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Morrison County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 39 | +30.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 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. 43.6% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Morrison County in October 2024, up by 30.0% month-over-month. Of the 39 sold homes, 44% were sold under asking, 21% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 42 Days | +20.6% |
Summary: Homes in Morrison County had an average of 42 days on market in Oct 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 39 homes were sold in Morrison County; 62% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
