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Featured local agent — Morrison, IL
Sarah Mitchell
Compass Real Estate · Morrison, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morrison, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$150,595median sale price
How is the Morrison, IL housing market right now?
The median home sale price in Morrison, IL is $150,595, down 0.2% year-over-year. Homes sell in an average of 80 days with 13 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 Morrison a buyer's or seller's market?
Morrison, IL is currently a seller's market, based on 1.1 months of supply and homes selling in about 80 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
80
Average pace
Active listings
13
1.1 months supply
Sale-to-list
100.1%
Above asking
What does the Morrison housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $150,595 |
| Median list price | $159,700 |
| Year-over-year price change | -0.2% |
| Average days on market | 80 days |
| Active inventory | 13 listings |
| Months of supply | 1.1 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $104/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 6 |
| Listings with a price cut | 15.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Morrison by property type?
How the Morrison, 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 | $150,595 | $104/sq ft | 12 | 80 days |
| Condo / Co-op | $85,000 | $85/sq ft | 1 | — |
| Townhouse | $155,000 | $99/sq ft | 1 | 30 days |
Source: Redfin · Updated monthly
The Morrison housing market is currently classified as a seller's market with a median sale price of $150,595. Prices have fallen 0.2% compared to last year, with homes spending an average of 80 days on market, indicating 1.1 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 2.5x provides context for how home values compare to local earning capacity.
Homes for sale in Morrison
There are currently 13 homes listed for sale in Morrison, Illinois. The median listing price is $160K.
Active listings
13
Homes on market
Median list price
$160K
Avg. days on market
80
Days until sale
New this week
6
Newly listed
Who lives in Morrison?
Population
3,781
Median income
$67,580/yr
Median age
39.8 years
Owner-occupied
78.3%
College grads
30.9%
Avg commute
17.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Morrison?
Zillow home value
$171,374
Price-to-income
2.5x
Source: Zillow Research
What is it like to live in Morrison?
Morrison is a community of approximately 4K residents with a median age of 39.8 years.The median household income is $67,580, which represents a working-class community with solid middle-income opportunities. 30.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Morrison offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morrison?
9 schools tracked · 985 students
The largest public schools serving Morrison, 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.
Morrison High School
Grades 9-12 · 290 students
Northside School
Grades PK-2 · 263 students
Southside School
Grades 3-5 · 218 students
Morrison Jr High School
Grades 6-8 · 214 students
Morrison Alt Learning Program
Grades 9-12
Bi-County Sp Ed-K-2 Life Skills-M
Grade range n/a
Bi-County Sp Ed-3-5 Life Skills-M
Grade range n/a
Bi-County Sp Ed-Life Skills HS-Mo
Grade range n/a
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 Morrison, IL?
Want a head-to-head view? Compare Morrison side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Morrison?
The median home sale price in Morrison is $150,595, down 0.2% from last year.
How long do homes stay on market in Morrison?
Homes typically spend 80 days on market before going under contract.
What is the median income in Morrison?
The median household income is $67,580 per year.
Is Morrison a buyer's or seller's market?
With 1.1 months of supply, Morrison is currently a seller's market.
What is the Zillow home value estimate for Morrison?
The Zillow Home Value Index (ZHVI) for Morrison is $171,374, representing the typical home value in the area.
What is the median condo price in Morrison?
The median condo/co-op sale price in Morrison, IL is $85,000, compared to $150,595 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Morrison?
The median single-family home price in Morrison, IL is $150,595 (about $104 per square foot).
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