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Condo Foreclosures in Morristown, AZ

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Morristown, AZ Foreclosures

How much do homes sell for in Morristown, AZ?
The average home price is currently $440,665.
In Morristown, AZ, how many homes are available?
There are currently 2,037 active home listings available in Morristown.
What’s the average rental cost in Morristown, AZ?
The average rental price in Morristown is $1,326.
What is the most expensive home in Morristown?
The most expensive home sold in Morristown had a price of $3,431,383.
What is currently the cheapest priced home in Morristown, AZ?
The cheapest home for sale in Morristown is priced at $67,890.

Living in Morristown, AZ

Morristown, AZ, is a quiet rural community known for its beautiful desert landscapes and friendly atmosphere. Ideal for those seeking a peaceful lifestyle with quick access to urban conveniences, Morristown offers a range of recreational activities and community events. The area is best suited for families, retirees, and anyone looking to escape the hustle of city life.

Current Market Conditions in Morristown, AZ

The Morristown real estate market is currently experiencing a steady increase in demand, largely due to its attractive pricing compared to neighboring cities. Homes in the area are sought-after by families and retirees looking for space and affordability. Inventory levels remain relatively low, which keeps prices firm as interest continues to grow.

With an increasing number of buyers attracted to the peaceful lifestyle and affordability of Morristown, the market shows signs of healthy appreciation. Real estate trends suggest that demand will likely keep pace with supply, making it a solid option for investment.

Home Value Estimator For Morristown, AZ

There are currently 572 real estate properties in Morristown, AZ, with a median automated valuation model (AVM) price of $318,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Morristown, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Morristown, AZ, is $440,665.00, with the most expensive house in Morristown, AZ, topping out at $3,431,383.00 and the cheapest home in Morristown, AZ, clocking in at $67,890.00. In other words, there’s something for every potential homebuyer or savvy investor in Morristown, AZ!

Rent Prices In Morristown, AZ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morristown, AZ, is on a rollercoaster ride. The average rent price in Morristown, AZ, is $1,326.00. Indeed, when looking to rent in Morristown, AZ, you can expect to pay as little as $590.00 or as much as $3,580.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Morristown, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Morristown, AZ Condos


Market Trend for Morristown, AZ

Total Listings Available: 2,037

Market Values:

Home Prices from $67,890 to $3,431,383

Average Sales Price: $440,665

Rental Values:

Rental from $590 to $3,580

Average Rent Value: $1,326 / month

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