Property Rates in Morjim, Goa
Comprehensive Market Snapshot
Property rates in Morjim average ₹22,500 per sq ft, showing a downward trend from previous quarters. Villas, the primary property type, have seen a notable price decrease of -10.49%. Meanwhile, nearby Vagator offers villas at ₹20,850 per sq ft, experiencing a 3.77% drop, while Assagao commands a premium at ₹26,200 per sq ft with a positive 2.76% growth.
- Asking Sale Price₹ 22,500 /sq.ft
Property Valuation Comprehensive assessment of your property's current worth in the current market
Property Price Trends in Morjim, Goa
The asking price in Morjim has shown some fluctuation over recent quarters. After reaching ₹25,150 per sq ft in December 2025, the rate has seen a decrease, settling at ₹22,500 per sq ft by March 2026. This trend suggests a period of price adjustment in the market.
Neighboring areas present a varied price landscape compared to Morjim's current ₹22,500 per sq ft average. Vagator offers villas at ₹20,850 per sq ft, a slight decrease of 3.77%, while Mandrem's villas are priced at ₹17,500 per sq ft, down 11.17%. Anjuna villas are available for ₹19,350 per sq ft, reflecting a 5.91% decline. In contrast, Assagao commands a premium with villas averaging ₹26,200 per sq ft, showing a 2.76% increase, and Parra villas are priced at ₹18,650 per sq ft with a 3.01% rise.
FAQs about Property Rates in Morjim, Goa
As of March 2026, the average asking price in Morjim stands at ₹22,500 per sq ft. This represents a depreciation of 10.49% from the previous period, indicating a market correction or softening demand over the recent past. The previous data point for this calculation was Dec 2025, where the average asking price was ₹25,150 per sq ft. This trend suggests a buyer's market currently, with potential opportunities for negotiation.
Property rates in Morjim have shown some fluctuation over the past year. From a rate of ₹22,200 per sq ft in June 2025, prices saw an increase to ₹21,900 per sq ft by September 2025, followed by a rise to ₹25,150 per sq ft in December 2025. However, by March 2026, the average asking price had adjusted to ₹22,500 per sq ft. This trajectory indicates a dynamic market, with the most recent quarter showing a decrease in prices.
Morjim's average asking price of ₹22,500 per sq ft as of March 2026 positions it in a premium segment compared to some neighbouring areas. Vagator, for instance, has an average rate of ₹20,850 per sq ft, which has depreciated by 3.77% from the previous period. Anjuna's average rate is ₹19,350 per sq ft, showing a depreciation of 5.91%. Assagao, however, is priced higher at ₹26,200 per sq ft, having appreciated by 2.76%.
As of March 2026, the average price for villas in Morjim is ₹22,500 per sq ft. This figure represents a depreciation of 10.49% compared to the previous period. The data indicates that villas are the primary property type considered in Morjim, reflecting the locality's character.
Rental rates vary significantly across micromarkets near Morjim. Mapusa, Porvorim, and Dona Paula all show an average rental rate of ₹50 per sq ft. However, Mapusa's rates have depreciated by 3.12% from the previous period, Porvorim has experienced a more substantial depreciation of 10.26%, while Dona Paula's rental rates have remained stable with a 0% change. This indicates a softening rental demand in Mapusa and Porvorim, while Dona Paula's rental market is holding steady.
The average asking price for Morjim has fluctuated, standing at ₹22,500 per sq ft in March 2026. The micromarket rate, however, has also seen changes, recorded at ₹12,500 per sq ft in March 2026. This micromarket rate appreciated from ₹12,000 per sq ft in December 2025 to ₹14,050 per sq ft in September 2025 before depreciating to ₹11,800 in June 2025. The significant difference between the overall location rate and the micromarket rate suggests that Morjim's premium pricing is driven by specific segments within the micromarket, or that the micromarket data represents a broader, less premium area.
The recent depreciation of 10.49% in the average asking price in Morjim, bringing it down to ₹22,500 per sq ft as of March 2026, could present a favourable opportunity for buyers. This downward trend, observed from a peak of ₹25,150 per sq ft in December 2025, suggests that property values may be more negotiable. Buyers might find it easier to secure properties at potentially better prices than in the preceding quarter, making it an opportune time to enter the market if they are looking for value.
