Is Morrow County, OR 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, Morrow County was a Buyer's Market.
Key Takeaway
Morrow County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morrow County, OR
How much do homes in Morrow County, OR cost?
Median Sold Price
$324,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Morrow County have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Morrow County was $324,000 in April 2024, up 8.9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $74K | $258K | +248.6% |
| 2 Bedrooms | $140K | $220K | +57.1% |
| 3 Bedrooms | $276.5K | $324.9K | +17.5% |
| 4 Bedrooms | $346K | $331.4K | -4.2% |
| 5+ Bedrooms | - | $303.5K | N/A |
Summary: Morrow County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 248.6%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Morrow County | $297.5K | $324K | +8.9% |
| Umatilla County | $304.4K | $301.9K | -0.8% |
| Grant County | $250.4K | $228K | -8.9% |
Housing Supply in Morrow County, OR
How many homes are available in Morrow County, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Morrow County real estate market had 31 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Morrow 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 remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrow County, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Morrow County in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 214 Days | +229.7% |
Summary: Homes in Morrow County had an average of 214 days on market in Apr 2024, up by 229.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Morrow County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in Morrow County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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