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

ZipMedian Est. ValueZipMedian Est. Value
37814

$ 308,544

$ 166/sqft

37813

$ 244,330

$ 169/sqft

Housing Market Summary for Morristown, TN

Mar 2023February 2024Change
Median Listing Price$275K$231.4K-15.86%
Median Sold Price$224.9K$231.4K2.89%
Homes For Sale10699-6.60%
Homes Sold467408-12.63%
Price
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Homes For Sale
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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%.

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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.

Foreclosure
There are 2 zips within Morristown, TN; within these zips, the median estimated home value for homes in foreclosure ranges from $337,252 in 37814 to the lowest value of $130,005 in 37814. Foreclosure homes account for 0.00% of properties in Morristown, TN with 37814 containing 9 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    37814 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.55% of residential properties in Morristown, TN with 37814 containing 63 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Morristown, TN; homes for sale in those zips, have a range of median values from $875,000 in 37813 to the lowest value of $93,280 in 37814.
    Sold Homes
    The median value for recently sold homes ranges from $1,036,509 in 37814 to the lowest price of $21,204 in 37814. There are 2 zips within Morristown, TN. 37814 has 224 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.94% of properties in Morristown, TN.

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      Guide for Morristown, TN

      Market Reports
      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
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      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
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      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Market Reports|posted 8 March 2024

      The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.

      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Tennessee|posted 23 January 2024

      Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices

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      Home Buying Guides & Tips|posted 6 June 2013

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      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.