$1,543 Closing Credit*
$129,900
1,967 SqFt
3 Beds
•1 Full Bath
Kelly A Roche, Listing Office: RE/MAX Plus
Is Mount Morris, NY 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, Mount Morris has remained a Seller's Market.
Key Takeaway
Mount Morris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Morris, NY
How much do homes in Mount Morris, NY cost?
Median Sold Price
$168,561
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$56,561(+50.5%)
Key Takeaway
Homes in Mount Morris have sold for 50.5% more than they did a year ago.
Summary: The median home sold price in Mount Morris was $168,561 in October 2024, up 50.5% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211K | - | N/A |
| 2 Bedrooms | $86.5K | $165K | +90.8% |
| 3 Bedrooms | $115.5K | $162.5K | +40.7% |
| 4 Bedrooms | $175K | $297.5K | +70.0% |
| 5+ Bedrooms | $145K | $140K | -3.4% |
Summary: Mount Morris 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 increased by 90.8%, 3 bedroom homes increased by 40.7%, 4 bedroom homes increased by 70%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in Mount Morris, NY
How many homes are available in Mount Morris, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Mount Morris real estate market had 17 homes for sale in October 2024, a 30.8% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mount Morris 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 200%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 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 Mount Morris, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mount Morris in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Mount Morris, NY
How long does it take to sell a home in Mount Morris, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 31 Days | +22.8% |
Summary: Homes in Mount Morris had an average of 31 days on market in Oct 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Morris are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Mount Morris; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
