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Featured local agent — Morris, IL
Sarah Mitchell
Compass Real Estate · Morris, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morris, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$289,950median sale price
How is the Morris, IL housing market right now?
The median home sale price in Morris, IL is $289,950, up 16.0% year-over-year. Homes sell in an average of 45 days with 32 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Morris a buyer's or seller's market?
Morris, IL is currently a seller's market, based on 1.8 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
45
Average pace
Active listings
32
1.8 months supply
Sale-to-list
99.7%
Below asking
What does the Morris housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $289,950 |
| Median list price | $342,450 |
| Year-over-year price change | +16.0% |
| Average days on market | 45 days |
| Active inventory | 32 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $183/sq ft |
| Homes sold (latest month) | 18 |
| New listings (latest month) | 14 |
| Listings with a price cut | 28.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Morris by property type?
How the Morris, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $286,000 | $183/sq ft | 16 | 45 days |
| Condo / Co-op | $215,000 | $151/sq ft | 1 | 22 days |
| Townhouse | $297,450 | $181/sq ft | 2 | 98 days |
Source: Redfin · Updated monthly
The Morris housing market is currently classified as a seller's market with a median sale price of $289,950. Prices have risen 16.0% compared to last year, with homes spending an average of 45 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Morris
There are currently 32 homes listed for sale in Morris, Illinois. The median listing price is $342K.
Active listings
32
Homes on market
Median list price
$342K
Avg. days on market
45
Days until sale
New this week
14
Newly listed
Who lives in Morris?
Population
14,775
Median income
$72,357/yr
Median age
40.4 years
Owner-occupied
56.7%
College grads
25.5%
Avg commute
21.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Morris?
Zillow home value
$314,376
Zillow rent index
$1,312/mo
Price-to-rent ratio
20.0x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Morris?
Morris is a community of approximately 15K residents with a median age of 40.4 years.The median household income is $72,357, which represents a working-class community with solid middle-income opportunities. 25.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.7%, showing a blend of owner and renter-occupied properties. The average commute time is 21.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Morris offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morris?
9 schools tracked · 2,871 students
The largest public schools serving Morris, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Morris Community High School
Grades 9-12 · 930 students
Saratoga Elem School
Grades PK-8 · 766 students
White Oak Elementary
Grades PK-5 · 745 students
Shabbona Middle School
Grades 6-8 · 352 students
Nettle Creek Elem School
Grades K-8 · 78 students
Premier Academy Morris
Grades 6-12
Grundy Co SpEd Cooperative
Grade range n/a
Grundy Area Vocational Center
Grades 11-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Morris, IL?
Want a head-to-head view? Compare Morris side-by-side with any other U.S. city using our market-comparison tool.
Is Morris a good real estate investment market?
For investors evaluating Morris, the price-to-rent ratio of 20.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 16.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Morris's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Morris's median home price.
Frequently asked questions
What is the average home price in Morris?
The median home sale price in Morris is $289,950, up 16.0% from last year.
How long do homes stay on market in Morris?
Homes typically spend 45 days on market before going under contract.
What is the median income in Morris?
The median household income is $72,357 per year.
Is Morris a buyer's or seller's market?
With 1.8 months of supply, Morris is currently a seller's market.
What is the Zillow home value estimate for Morris?
The Zillow Home Value Index (ZHVI) for Morris is $314,376, representing the typical home value in the area.
What is the median condo price in Morris?
The median condo/co-op sale price in Morris, IL is $215,000, compared to $286,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Morris?
The median single-family home price in Morris, IL is $286,000 (about $183 per square foot).
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