Morris, IL, Real Estate
Morris, Illinois, is a charming small town in Grundy County, located about 60 miles southwest of Chicago along the Illinois River. Known as the "Heart of Grundy County," it serves as the county seat and blends historic charm with modern amenities. With a population of around 14,000, Morris boasts a vibrant downtown featuring unique shops, restaurants, and the historic Grundy County Courthouse. The town is a hub for outdoor enthusiasts, offering access to the I&M Canal State Trail for biking and hiking, as well as nearby parks like Gebhard Woods State Park. Annual events like the Grundy County Fair and the 3 French Hens Market add to its community spirit, making Morris a welcoming destination for visitors and a cozy home for residents.
Morris currently has 48 single family homes for sale with an average list price of $472,433.33, 2 townhouses for sale with an average list price of $275,000, 8 condos for sale with an average list price of $297,700, and 57 lots for sale with an average list price of $541,797.42. The average annual property tax for Morris is $4,900.07.
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Morris, i.e. what's hot and what's not.
See What's Hot & What's Not in Morris
Market Trends
Morris home sales for the month of August decreased in volume by 21.7% when compared to last year, while the median sale price rose by 19.5% from $295,000 to $352,450. House sales decreased by 23.8%, while the median sale price rose by 25.7% from $300,000 to $377,000. Condo sales rose by 100%, while the median sale price decreased by 26.5% from $295,000 to $216,950.
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335
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257
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232
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217
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$247,000
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$252,000
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$260,000
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$283,000
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Morris
Number of Sales for Morris
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