Question 1

What is the median sold price in Morrisroe Extension?

Accepted Answer

The median sold price in Morrisroe Extension is $396,000 based on 29 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Morrisroe Extension?

Accepted Answer

The average sold price in Morrisroe Extension is $383,855. Note that the average ($383,855) is lower than the median ($396,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Morrisroe Extension?

Accepted Answer

Home prices in Morrisroe Extension range from $217,000 to $675,000 based on recent sales data. This $458,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Morrisroe Extension selling above or below asking price?

Accepted Answer

On average, homes in Morrisroe Extension are selling at 99.1% of their asking price. This means homes are selling very close to asking price with minimal negotiation room. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Morrisroe Extension?

Accepted Answer

Homes in Morrisroe Extension are selling in an average of 68 days. This indicates a buyer's market with more negotiating power for purchasers. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Morrisroe Extension?

Accepted Answer

The average price per square foot in Morrisroe Extension is $320. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $640,000.

Question 7

How active is the real estate market in Morrisroe Extension?

Accepted Answer

The Morrisroe Extension market has seen 29 home sales over the past 2 years, with 7 properties currently for sale. The market shows balanced conditions between buyers and sellers.

Question 8

What types of properties are selling in Morrisroe Extension?

Accepted Answer

The most common property types selling in Morrisroe Extension are: detached single family (21 sold, avg $427,538), townhouse (6 sold, avg $258,083), half duplex (2 sold, avg $302,500). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in Morrisroe Extension?

Accepted Answer

Detached homes in Morrisroe Extension are selling for an average of $427,538, with 21 sales over the past 2 years.

Question 10

How much do townhouses cost in Morrisroe Extension?

Accepted Answer

Townhouses in Morrisroe Extension are selling for an average of $258,083, with 6 sales over the past 2 years. Townhouses often provide a middle ground between condo living and detached home ownership.

Question 11

Are home prices rising or falling in Morrisroe Extension?

Accepted Answer

Home prices in Morrisroe Extension have increased by 68.2% over the past 2 years. The average sold price moved from $220,000 to $370,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 12

Is Morrisroe Extension a buyer's or seller's market?

Accepted Answer

Based on current data, Morrisroe Extension is a buyer's market. Homes are selling in 68 days on average and at 99.1% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 13

What percentage of homes sell above asking price in Morrisroe Extension?

Accepted Answer

In Morrisroe Extension, 31% of homes sold above asking price, while 62% sold below asking. This indicates a competitive market where bidding wars are common.

Question 14

What are the average property taxes in Morrisroe Extension?

Accepted Answer

The average annual property tax in Morrisroe Extension is $3,134, with a median of $3,306. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 15

What size homes are selling in Morrisroe Extension?

Accepted Answer

Homes selling in Morrisroe Extension range from 890 to 1,860 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 16

How much do home prices vary in Morrisroe Extension?

Accepted Answer

Morrisroe Extension shows relatively consistent pricing with a standard deviation of $96,702 around the average price of $383,855. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 17

How do I find out how much a house sold for in Morrisroe Extension?

Accepted Answer

Simply search our Morrisroe Extension sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 18

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Morrisroe Extension will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 19

Do you show all MLS® sold listings for Morrisroe Extension?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Morrisroe Extension. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Morrisroe Extension Homes Sold in the Last 30 Days

Morrisroe Extension Sold Data Overview

Recently Sold in Morrisroe Extension

Sold Data & Market Statistics for Morrisroe Extension

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

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