Is Morton, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morton is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Morton was a Buyer's Market.

Key Takeaway

Morton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Morton, WA

How much do homes in Morton, WA cost?

Median Sold Price

$365,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+12.3%)

Key Takeaway

Homes in Morton have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Morton was $365,000 in October 2024, up 12.3% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$290K
N/A
2 $280K$368K
+31.4%
3 $336K$389.9K
+16.1%
4 $380K$381.2K
0.3%
5+ $474K-
N/A

Summary: Morton 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 31.4%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes did not change.

Housing Supply in Morton, WA

How many homes are available in Morton, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1314+7.7%

Summary: The Morton real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 33
0.0%
3 34
+33.3%
4 44
0.0%
5+ 22
0.0%

Summary: The Morton 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morton, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Morton in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Morton, WA

How long does it take to sell a home in Morton, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
58 Days17 Days-69.5%

Summary: Homes in Morton had an average of 17 days on market in Oct 2024, down by 69.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Morton; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

Newest Listings in Morton, WA

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