Morenci, MI
Housing market overview · Updated weekly
$85,000median sale price
Homes sold
1
Last 12 weeks
Days on market
240
Average pace
Active listings
12
12.0 months supply
Sale-to-list
98.3%
Below asking
The Morenci housing market is currently classified as a buyer's market with a median sale price of $85,000. Prices have fallen 34.9% compared to last year, with homes spending an average of 240 days on market, indicating 12.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Morenci
There are currently 12 homes listed for sale in Morenci, Michigan. The median listing price is $99K.
Active listings
12
Homes on market
Median list price
$99K
Avg. days on market
240
Days until sale
New this week
3
Newly listed
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Frequently asked questions
What is the average home price in Morenci?
The median home sale price in Morenci is $85,000, down 34.9% from last year.
How long do homes stay on market in Morenci?
Homes typically spend 240 days on market before going under contract.
Is Morenci a buyer's or seller's market?
With 12.0 months of supply, Morenci is currently a buyer's market.
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