Is Morrice, MI 48857 a buyer’s or seller’s market?
Morrice is a seller’s market. With about 2.6 months of supply and 80% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Morrice housing market right now
In the three months ending August 31, 2026, 80% of homes in Morrice, MI 48857 sold above their list price, the typical home went under contract in 14 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 56%, homes sold faster (34 days then) and the median sale price rose 43% to $264,884. Overall, Morrice is more competitive than a year ago, so tougher for buyers.
Within Shiawassee County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 89%.
Nearby, buyers who want less competition could look at New Lothrop 48460 (0% sold over asking) or Lennon 48449 (17% sold over asking), while Bancroft 48414 (83% sold over asking) is even more competitive.
Run the numbers for 48857
Nearby markets
Bancroft 48414Seller’s market $186 /sq ftByron 48418Seller’s market $177 /sq ftCorunna 48817Seller’s market $108 /sq ftDurand 48429Seller’s market $145 /sq ft Browse all markets →Towns like Morrice nearby
Find towns like Morrice in other states →Where Morrice is
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Questions about Morrice real estate
Is Morrice a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Morrice, MI 48857 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Morrice?
The typical home went under contract in 14 days in the latest three months.
Do homes in Morrice sell over asking?
80% of homes sold above their original list price, and the typical sale closed at 103.1% of the list price.
What are property taxes in Morrice?
About 1.31% of a home’s value a year in Shiawassee County, or roughly $5,240 on a $400,000 home.
What is the median home price in Morrice?
The median sale price was $264,884 in the three months ending August 31, 2026, about $179 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology