Is Morrison, IL 61270 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Morrison is a seller’s market. With about 2.5 months of supply and 31% 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.

Competition score50/ 100

More competitive than 51% of U.S. ZIP codes, and #367 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.5Under 4 months = seller’s market
Sold above original list30.8%Share of sales, last 3 months
Median sale-to-list95.4%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$101▲ +2.4% vs. last year

The Morrison housing market right now

In the three months ending August 31, 2026, 31% of homes in Morrison, IL 61270 sold above their list price, the typical home went under contract in 35 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 27 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (55 days then) and the median sale price fell 18% to $149,935. Overall, Morrison is more competitive than a year ago, so tougher for buyers.

Within Whiteside County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Morrison ranks #367 of 464 IL ZIP codes with enough sales (score 50 out of 100).

Nearby, buyers who want less competition could look at Lyndon 61261 (0% sold over asking) or Prophetstown 61277 (7% sold over asking), while Fenton 61251 (50% sold over asking) and Albany 61230 (33% sold over asking) are even more competitive.

Nearby markets

Albany 61230Seller’s market $121 /sq ftDeer Grove 61243 — /sq ftErie 61250Seller’s market $95 /sq ftFenton 61251Seller’s market $171 /sq ft Browse all markets →

Where Morrison is

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Questions about Morrison real estate

Is Morrison a buyer’s or seller’s market?

A seller’s market: there were 2.5 months of supply in Morrison, IL 61270 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 Morrison?

The typical home went under contract in 35 days in the latest three months.

Do homes in Morrison sell over asking?

31% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.

What are property taxes in Morrison?

About 2.04% of a home’s value a year in Whiteside County, or roughly $8,160 on a $400,000 home.

What is the median home price in Morrison?

The median sale price was $149,935 in the three months ending August 31, 2026, about $101 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