Morrison, IL Home Values & Market Trends

Real estate market trends reflect that there have been 139 transactions over the past year in Morrison. The median value for residential home transactions that occurred over the previous year is $140,094.38. The number of current listings in Morrison is 3, and the percentage of properties for sale in the city is 3.00%. Morrison, IL currently has 11 properties in foreclosure, 3 bank owned properties, 0 properties headed for auction, and 3 properties for sale.

Morrison, IL Real Estate Market Overview

ZipMedian Est. Value
61270

$ 289,900

$ 177/sqft

Housing Market Summary for Morrison, IL

Mar 2023February 2024Change
Median Listing Price$184.9K$109.2K-40.95%
Median Sold Price$121K$109.2K-9.74%
Homes For Sale2350.00%
Homes Sold7461-17.57%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Morrison, IL

Morrison home values range from $22,442 to $1,488,135. The median estimated value of a home in Morrison is $140,094.38. The median list price of a home is 279,900, and the total count of properties in the city is 2,639.

Foreclosure
There is 1 zips within Morrison, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $182,816 in 61270 to the lowest value of $54,635 in 61270. Foreclosure homes account for 0.00% of properties in Morrison, IL with 61270 containing 11 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.30% of all residential properties in Morrison, IL with 61270 containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Morrison, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $182,816 in 61270 to the lowest home value of $54,635 in 61270.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Morrison, IL ranges from the highest value of $145,000 in 61270 to the lowest value of $104,826 in 61270. Bank owned homes and properties account for 0.11% of properties in Morrison, IL. There is 1 zips within Morrison, IL; 61270 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Morrison, IL. Auction homes and other auction properties account for 0% of all properties in Morrison, IL. There is 1 zips within Morrison, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.11% of residential properties in Morrison, IL with 61270 containing 3 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Morrison, IL; homes for sale in that zips, have a range of median values from $301,529 in 61270 to the lowest value of $273,170 in 61270.
    Sold Homes
    The median value for recently sold homes ranges from $575,702 in 61270 to the lowest price of $33,586 in 61270. There is 1 zips within Morrison, IL. 61270 has 60 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.27% of properties in Morrison, IL.

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      Guide for Morrison, IL

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      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      4 Tips on How To Buy a House Wholesale
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      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

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      Learn about the key factors to consider when determining how much to spend on your first home.

      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California|posted 6 March 2024

      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.

      Recently Listed Homes Morrison, IL

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