Is Morris, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morris is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Morris was a Buyer's Market.

Key Takeaway

Morris is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Morris, NY

How much do homes in Morris, NY cost?

Median Sold Price

$412,500

$164/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$382,500(+1275.0%)

Key Takeaway

Homes in Morris have sold for 1275% more than they did a month ago.

Summary: The median home sold price in Morris was $412,500 in November 2024, up 1275% from last month, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $30K$270K
+800.0%
4 -$555K
N/A
5+ --
N/A

Summary: Morris housing prices by bedroom type for November 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 increased by 800%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Morris, NY

How many homes are available in Morris, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1112+9.1%

Summary: The Morris real estate market had 12 homes for sale in November 2024, a 9.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 76
-14.3%
4 23
+50.0%
5+ 22
0.0%

Summary: The Morris housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morris, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Morris in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Morris, NY

How long does it take to sell a home in Morris, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
101 Days48 Days-52.5%

Summary: Homes in Morris had an average of 48 days on market in Nov 2024, down by 52.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Morris are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Morris; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Morris, NY

Nearby Markets to Morris, NY