First Integrity Title Market Report

Morrison, CO

Single-Family Homes

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Morrison, CO

Fri Jun 21 2024
This week the median list price for Morrison, CO is $1,170,000 with the market action index hovering around 47. This is less than last month's market action index of 49. Inventory has increased to 59. Click here to stay informed with the Morrison market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Morrison, CO

Fri Jun 21 2024
This week the median list price for Morrison, CO is $1,170,000 with the market action index hovering around 47. This is less than last month's market action index of 49. Inventory has increased to 59. Click here to stay informed with the Morrison market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Morrison market.
Median List Price $1,170,000
Median Price of New Listings $1,013,900
Per Square Foot $345
Average Days on Market 59
Median Days on Market 28
Price Decreased 44%
Price Increased 0%
Relisted 5%
Inventory 59
Median Rent
Market Action 47
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,317,500 5,922 2.5 - 5 acres 4 3.5 14 0 1 66
$1,349,000 4,089 2.5 - 5 acres 4 3.5 27 3 1 35
$925,000 2,763 8,000 - 10,000 sqft 4 2.5 0 7 5 7
$630,000 1,888 6,500 - 8,000 sqft 3 2 48 2 1 14