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Featured local agent — Morton, IL
Sarah Mitchell
Compass Real Estate · Morton, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morton, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$310,000median sale price
How is the Morton, IL housing market right now?
The median home sale price in Morton, IL is $310,000, up 4.0% year-over-year. Homes sell in an average of 31 days with 17 active listings. The market is currently a strong 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 Morton a buyer's or seller's market?
Morton, IL is currently a strong seller's market, based on 0.8 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
31
Average pace
Active listings
17
0.8 months supply
Sale-to-list
102.6%
Above asking
What does the Morton housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $310,000 |
| Median list price | $305,000 |
| Year-over-year price change | +4.0% |
| Average days on market | 31 days |
| Active inventory | 17 listings |
| Months of supply | 0.8 months |
| Sale-to-list price ratio | 102.6% |
| Median price per sq ft | $129/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 19 |
| Listings with a price cut | 41.2% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Morton by property type?
How the Morton, 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 | $315,000 | $130/sq ft | 20 | 28 days |
| Condo / Co-op | $76,000 | $89/sq ft | 1 | 53 days |
| Townhouse | $550,000 | $170/sq ft | 1 | 15 days |
Source: Redfin · Updated monthly
The Morton housing market is currently classified as a strong seller's market with a median sale price of $310,000. Prices have risen 4.0% compared to last year, with homes spending an average of 31 days on market, indicating 0.8 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 3.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Morton
There are currently 17 homes listed for sale in Morton, Illinois. The median listing price is $305K.
Active listings
17
Homes on market
Median list price
$305K
Avg. days on market
31
Days until sale
New this week
19
Newly listed
Who lives in Morton?
Population
16,503
Median income
$87,760/yr
Median age
40.7 years
Owner-occupied
78.2%
College grads
42.9%
Avg commute
16.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Morton?
Zillow home value
$287,831
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Morton?
Morton is a community of approximately 17K residents with a median age of 40.7 years.The median household income is $87,760, which reflects a relatively affluent area with strong earning potential. 42.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 78.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 16.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Morton offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morton?
7 schools tracked · 3,260 students
The largest public schools serving Morton, 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.
Morton High School
Grades 9-12 · 1,084 students
Lincoln Elem School
Grades PK-6 · 518 students
Morton Jr High School
Grades 7-8 · 506 students
Grundy Elem School
Grades PK-6 · 449 students
Jefferson Elem School
Grades PK-6 · 356 students
Lettie Brown Elementary School
Grades K-6 · 347 students
Morton Academy
Grades K-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 Morton, IL?
Want a head-to-head view? Compare Morton side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Morton?
The median home sale price in Morton is $310,000, up 4.0% from last year.
How long do homes stay on market in Morton?
Homes typically spend 31 days on market before going under contract.
What is the median income in Morton?
The median household income is $87,760 per year.
Is Morton a buyer's or seller's market?
With 0.8 months of supply, Morton is currently a strong seller's market.
What is the Zillow home value estimate for Morton?
The Zillow Home Value Index (ZHVI) for Morton is $287,831, representing the typical home value in the area.
What is the median condo price in Morton?
The median condo/co-op sale price in Morton, IL is $76,000, compared to $315,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Morton?
The median single-family home price in Morton, IL is $315,000 (about $130 per square foot).
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