Morell, Prince Edward Island, Canada
As of August 12, 2026, the median asking price in Morell is $349,000, across 3 active MLS® listings.
Those listings have been on the market an average of 162 days.
Morell is a small, rural service village in eastern Prince Edward Island centered around Route 2 (St. Peters Road), with a tight-knit, family-oriented feel and a mix of longtime residents, seasonal cottage owners, and commuters to Charlottetown. Housing is primarily detached single-family homes on larger lots, with limited multi-unit stock and modest new construction relative to larger PEI centres. The area appeals to buyers seeking affordability, space, and proximity to beaches and outdoor recreation, and demand can be influenced by seasonal population swings and lifestyle-driven migration.
Key amenities include day-to-day services in the village (small shops, dining, local services) and quick access to recreation along the North Shore (including nearby beaches and trails). Families are served by local-area schools typical of PEI’s rural catchments, with additional options and larger retail/healthcare needs generally met by trips to Charlottetown. Transit is car-dependent with no frequent urban-style service; most residents rely on personal vehicles for commuting and errands. From an investment perspective, the rental market is smaller and less liquid than Charlottetown, with rents supported by limited supply but tempered by a narrower tenant pool; price trends have benefited from broader PEI in-migration and constrained inventory, though resale and vacancy risk are higher than in the capital region.
Morell’s market currently has 27 active listings with a median asking price of $145,000 and an average of $69 per square foot, pointing to relatively accessible pricing for buyers and value-focused investors. Homes are taking about 96 days to sell on average, suggesting a slower pace and some negotiating leverage, while 4 new listings in the past 30 days indicate a modest but steady flow of fresh inventory.
The median asking price in Morell is $349,000, across 3 active MLS® listings as of August 12, 2026. The average asking price is $462,633. These are list prices on homes currently for sale, not sale prices.
There are 3 active MLS® listings in Morell as of August 12, 2026.
Homes currently listed in Morell have been on the market an average of 162 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.