Morristown, TN Home Values & Market Trends
Real estate market trends reflect that there have been 753 transactions over the past year in Morristown. The median value for residential home transactions that occurred over the previous year is $246,911.19. The number of current listings in Morristown is 98, and the percentage of properties for sale in the city is 98.00%. Morristown, TN currently has 9 properties in foreclosure, 2 bank owned properties, 7 properties headed for auction, and 98 properties for sale.
Morristown, TN Real Estate Market Overview
Housing Market Summary for Morristown, TN
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $275K | $231.4K | -15.86% |
Median Sold Price | $224.9K | $231.4K | 2.89% |
Homes For Sale | 106 | 99 | -6.60% |
Homes Sold | 467 | 408 | -12.63% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Morristown, TN
Browse Homes in Morristown, TN
Morristown home values range from $21,252 to $4,708,103. The median estimated value of a home in Morristown is $246,911.19. The median list price of a home is 294,900, and the total count of properties in the city is 17,924.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Morristown, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Morristown, TN; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Morristown, TN ranges from the highest value of $337,252 in 37814 to the lowest value of $304,644 in 37814. Bank owned homes and properties account for 0.01% of properties in Morristown, TN. There are 2 zips within Morristown, TN; 37814 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions37814 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Morristown, TN. Auction homes and other auction properties account for 0.04% of all properties in Morristown, TN. There are 2 zips within Morristown, TN; of those zips, the median estimated home value for homes going to auction ranges from $297,478 in 37814 to the lowest value of $130,005 in 37814.
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Guide for Morristown, TN
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Tennessee Foreclosure Laws
Learn how to secure a house mortgage even with a low credit score.