$10,000 Closing Credit*
$849,900
4,368 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: RE/MAX Results
Is Morristown, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Morristown was a Neutral Market.
Key Takeaway
Morristown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morristown, MN
How much do homes in Morristown, MN cost?
Median Sold Price
$482,500
$158/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$187,600(+63.6%)
Key Takeaway
Homes in Morristown have sold for 63.6% more than they did a month ago.
Summary: The median home sold price in Morristown was $482,500 in October 2024, up 63.6% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $180K | N/A |
| 4 Bedrooms | $294.9K | $785K | +166.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Morristown housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 166.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Morristown | $294.9K | $482.5K | +63.6% |
| Morristown Township | $294.9K | $482.5K | +63.6% |
Housing Supply in Morristown, MN
How many homes are available in Morristown, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Morristown real estate market had 11 homes for sale in October 2024, a 57.1% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Morristown 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 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Morristown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Morristown in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Morristown, MN
How long does it take to sell a home in Morristown, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 63 Days | +154.0% |
Summary: Homes in Morristown had an average of 63 days on market in Oct 2024, up by 154% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Morristown has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Morristown; 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.
