First Integrity Title Market Report

Morrison, CO

Single-Family Homes

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Morrison, CO

Wed Oct 04 2023
This week the median list price for Morrison, CO is $1,099,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 34. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Morrison, CO

Wed Oct 04 2023
This week the median list price for Morrison, CO is $1,099,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 34. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Morrison market.
Median List Price $1,099,000
Median Price of New Listings $1,799,000
Per Square Foot $325
Average Days on Market 81
Median Days on Market 39
Price Decreased 53%
Price Increased 3%
Relisted 3%
Inventory 34
Median Rent
Market Action 45
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$2,700,000 5,985 10 - 20 acres 4 4.5 28 0 0 112
$1,812,000 5,580 1 - 2.5 acres 5 4.3 22 2 1 24
$999,500 3,274 1 - 2.5 acres 4 3.5 27 0 3 35
$625,000 2,069 6,500 - 8,000 sqft 3 2 46 1 1 21