Is Mount Morris Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mount Morris Township was a Neutral Market.
Housing Prices in Mount Morris Township, MI
How much do homes in Mount Morris Township, MI cost?
Median Sold Price
$127,543
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Morris Township was $127,543 in April 2024, up 10.9% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40.6K | $39.5K | -2.8% |
2 Bedrooms | $86.9K | $95.8K | +10.2% |
3 Bedrooms | $124K | $130.9K | +5.6% |
4 Bedrooms | $135K | $183.5K | +35.9% |
5+ Bedrooms | $172K | $157K | -8.7% |
Summary: Mount Morris Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 35.9%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
Mount Morris | $109.4K | $130K | +18.8% |
Mount Morris Township | $115K | $127.5K | +10.9% |
Genesee Charter Township | $140K | $155K | +10.7% |
Vienna Charter Township | $199K | $219.9K | +10.5% |
Flint | $74.9K | $77.6K | +3.6% |
Housing Supply in Mount Morris Township, MI
How many homes are available in Mount Morris Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 98 | -5.8% |
Summary: The Mount Morris Township real estate market had 98 homes for sale in April 2024, a 5.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 60 | 56 | -6.7% |
4 Bedrooms | 20 | 17 | -15.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Mount Morris Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 31 | -3.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Mount Morris Township in April 2024, down by 3.1% month-over-month. Of the 31 sold homes, 32% were sold under asking, 16% were sold at asking, and 52% were sold over asking.
Days on Market for Mount Morris Township, MI
How long does it take to sell a home in Mount Morris Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
112 Days | 40 Days | -64.0% |
Summary: Homes in Mount Morris Township had an average of 40 days on market in Apr 2024, down by 64% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Mount Morris Township; 71% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.