Is Morris Township, IL 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, Morris Township has remained a Seller's Market.
Housing Prices in Morris Township, IL
How much do homes in Morris Township, IL cost?
Median Sold Price
$252,450
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morris Township was $252,450 in April 2024, up 14.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $105K | N/A |
2 Bedrooms | $152.5K | $174.2K | +14.3% |
3 Bedrooms | $228K | $252.4K | +10.7% |
4 Bedrooms | $299K | $355K | +18.7% |
5+ Bedrooms | $379.9K | $392.5K | +3.3% |
Summary: Morris Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Morris Township | $220K | $252.4K | +14.8% |
Saratoga Township | $262.5K | $278.9K | +6.3% |
Morris | $246K | $252.9K | +2.8% |
Wauponsee Township | $250K | $253.5K | +1.4% |
Housing Supply in Morris Township, IL
How many homes are available in Morris Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 67 | +17.5% |
Summary: The Morris Township real estate market had 67 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 16 | 13 | -18.8% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 11 | 19 | +72.7% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Morris Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 17 | -19.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Morris Township in April 2024, down by 19.0% month-over-month. Of the 17 sold homes, 24% were sold under asking, 41% were sold at asking, and 35% were sold over asking.
Days on Market for Morris Township, IL
How long does it take to sell a home in Morris Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 20 Days | -10.0% |
Summary: Homes in Morris Township had an average of 20 days on market in Apr 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Morris Township; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.