Is Morrow County, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morrow County is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Morrow County was a Seller's Market.

Key Takeaway

Morrow County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Morrow County, OR

How much do homes in Morrow County, OR cost?

Median Sold Price

$275,000

$115/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$49,975(-15.4%)

Key Takeaway

Homes in Morrow County have sold for 15.4% less than they did a month ago.

Summary: The median home sold price in Morrow County was $275,000 in October 2024, down 15.4% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$75K
N/A
2 -$408K
N/A
3 $282.4K$425K
+50.5%
4 $337.4K$270K
-20.0%
5+ --
N/A

Summary: Morrow County 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 increased by 50.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Gilliam County
+9.2%
Morrow County
-15.4%

Housing Supply in Morrow County, OR

How many homes are available in Morrow County, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4543-4.4%

Summary: The Morrow County real estate market had 43 homes for sale in October 2024, a 4.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 44
0.0%
3 3027
-10.0%
4 99
0.0%
5+ 11
0.0%

Summary: The Morrow County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

5 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 Morrow County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Morrow County in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Morrow County, OR

How long does it take to sell a home in Morrow County, OR?

Average Sale Time

Sep 2024Oct 2024CHANGE
90 Days66 Days-26.3%

Summary: Homes in Morrow County had an average of 66 days on market in Oct 2024, down by 26.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Morrow County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 14 Days Ago

Newest Listings in Morrow County, OR

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What housing markets are near Morrow County, OR?