$10,000 Closing Credit*
$999,999
5 Beds
•2 Full Baths
Listing Office: Hudson Group Rlty Network, Inc
Is Morris Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Morris Park was a Neutral Market.
Key Takeaway
Morris Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morris Park, NY
How much do homes in Morris Park, NY cost?
Median Sold Price
$750,000
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,000(-3.2%)
Key Takeaway
Homes in Morris Park have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Morris Park was $750,000 in October 2024, down 3.2% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $327.5K | - | N/A |
| 2 Bedrooms | $587K | $571K | -2.7% |
| 3 Bedrooms | $682.5K | $715K | +4.8% |
| 4 Bedrooms | $792.5K | $825K | +4.1% |
| 5+ Bedrooms | $961K | $987.5K | +2.8% |
Summary: Morris Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Pelham Gardens | $680K | $754.5K | +11.0% |
| Morris Park | $775K | $750K | -3.2% |
| Pelham Bay | $735K | $672.5K | -8.5% |
Housing Supply in Morris Park, NY
How many homes are available in Morris Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 45 | -19.6% |
Summary: The Morris Park real estate market had 45 homes for sale in October 2024, a 19.6% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 17 | 14 | -17.6% |
Summary: The Morris Park 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 decreased by 33.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 6 | -68.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morris Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Morris Park in October 2024, down by 68.4% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Morris Park, NY
How long does it take to sell a home in Morris Park, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 65 Days | -6.1% |
Summary: Homes in Morris Park had an average of 65 days on market in Oct 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Morris Park has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Morris Park; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.