Morristown, TN Home Values & Market Trends
Real estate market trends reflect that there have been 866 transactions over the past year in Morristown. The median value for residential home transactions that occurred over the previous year is $249,072.38. The number of current listings in Morristown is 109, and the percentage of properties for sale in the city is 109.00%. Morristown, TN currently has 11 properties in foreclosure, 2 bank owned properties, 9 properties headed for auction, and 109 properties for sale.
Morristown, TN Real Estate Market Overview
Housing Market Summary for Morristown, TN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $274.9K | $230.6K | -16.13% |
| Median Sold Price | $218.4K | $230.6K | 5.59% |
| Homes For Sale | 114 | 94 | -17.54% |
| Homes Sold | 430 | 328 | -23.72% |
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 $21,424 to $5,661,266. The median estimated value of a home in Morristown is $249,072.38. The median list price of a home is 299,500, and the total count of properties in the city is 18,199.
- 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 $365,254 in 37814 to the lowest value of $157,230 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 8 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 0.05% 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 $315,840 in 37814 to the lowest value of $129,096 in 37814.
Compare Nearby Cities
More Real Estate Resources for Morristown, TN
Guide for Morristown, TN
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of 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.
Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices
Tennessee Foreclosure Laws