First Integrity Title Market Report

Morrison, CO

Single-Family Homes

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Morrison, CO

Tue Jul 16 2024
This week the median list price for Morrison, CO is $944,950 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has decreased to 56. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Morrison, CO

Tue Jul 16 2024
This week the median list price for Morrison, CO is $944,950 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has decreased to 56. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Morrison market.
Median List Price $944,950
Median Price of New Listings $859,000
Per Square Foot $346
Average Days on Market 71
Median Days on Market 39
Price Decreased 54%
Price Increased 0%
Relisted 5%
Inventory 56
Median Rent
Market Action 48
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 levels. 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
$2,127,500 5,538 1 - 2.5 acres 4 3.5 18 0 3 70
$1,175,950 3,883 1 - 2.5 acres 4 3.5 29 1 2 31
$797,100 2,356 8,000 - 10,000 sqft 4 3.3 28 2 7 24
$599,450 1,675 6,500 - 8,000 sqft 3 2 49 0 0 38