Is Morrison County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Morrison County has remained a Seller's Market.
Housing Prices in Morrison County, MN
How much do homes in Morrison County, MN cost?
Median Sold Price
$251,212
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morrison County was $251,212 in April 2024, up 6.6% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.7K | $150K | +16.6% |
2 Bedrooms | $170K | $190K | +11.7% |
3 Bedrooms | $232K | $264.3K | +13.9% |
4 Bedrooms | $275K | $279.9K | +1.8% |
5+ Bedrooms | $328K | $359.5K | +9.6% |
Summary: Morrison County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Counties
Morrison County | $235.7K | $251.2K | +6.6% |
Benton County | $270K | $284.9K | +5.5% |
Crow Wing County | $337.7K | $350K | +3.6% |
Todd County | $196K | $200K | +2.0% |
Mille Lacs County | $305K | $296K | -2.9% |
Housing Supply in Morrison County, MN
How many homes are available in Morrison County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 114 | +26.7% |
Summary: The Morrison County real estate market had 114 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 37 | 44 | +18.9% |
4 Bedrooms | 22 | 30 | +36.4% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Morrison County 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 25%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Morrison County in April 2024, up by 31.6% month-over-month. Of the 25 sold homes, 52% were sold under asking, 12% were sold at asking, and 36% were sold over asking.
Days on Market for Morrison County, MN
How long does it take to sell a home in Morrison County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 63 Days | +65.8% |
Summary: Homes in Morrison County had an average of 63 days on market in Apr 2024, up by 65.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Morrison County; 60% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.