$124,900
Land
Listing Office: RE/MAX Advantage Plus
Is Morristown Township, 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 Township was a Neutral Market.
Key Takeaway
Morristown Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morristown Township, MN
How much do homes in Morristown Township, 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 Township have sold for 63.6% more than they did a month ago.
Summary: The median home sold price in Morristown Township 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 Township 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 Township | $294.9K | $482.5K | +63.6% |
| Morristown | $294.9K | $482.5K | +63.6% |
Housing Supply in Morristown Township, MN
How many homes are available in Morristown Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Morristown Township 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 Township 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 Township, 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 Township 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 Township, MN
How long does it take to sell a home in Morristown Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 63 Days | +154.0% |
Summary: Homes in Morristown Township 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 Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Morristown Township; 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.
