Morristown, IN Foreclosures
How much do homes sell for in Morristown, IN?
The average home price is currently $298,019.
In Morristown, IN, how many homes are available?
There are currently 5 active home listings available in Morristown.
What’s the average rental cost in Morristown, IN?
The average rental price in Morristown is $1,247.
What is the most expensive home in Morristown?
The most expensive home sold in Morristown had a price of $1,952,213.
What is currently the cheapest priced home in Morristown, IN?
The cheapest home for sale in Morristown is priced at $30,294.
Living in Morristown, IN
Morristown, Indiana, is a charming small town with a strong sense of community and rich history. The town offers residents a peaceful suburban lifestyle with parks, recreational activities, and convenient access to nearby cities. Its local economy thrives on agriculture and small businesses, providing essential services and amenities for families.
Current Market Conditions in Morristown, IN
The Morristown real estate market is currently experiencing a steady improvement, with homes selling more quickly than in previous months. Inventory levels have remained relatively low, leading to increased competition among buyers. As a result, home prices have seen a slight rise, making it a favorable time for homeowners looking to sell their properties.
There has been a noticeable increase in demand for homes in Morristown as buyers seek more affordable housing options outside larger urban areas. This trend is expected to continue, attracting potential investors and first-time homebuyers alike, and contributing to the local economy.
Home Value Estimator For Morristown, IN
There are currently 893 real estate properties
in Morristown, IN,
with a median automated valuation model (AVM) price
of $264,795.00. 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, IN, 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, IN,
is $298,019.00, with the most expensive house
in Morristown, IN, topping out
at $1,952,213.00 and the cheapest home
in Morristown, IN,
clocking in at $30,294.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Morristown, IN!
Rent Prices
In Morristown, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Morristown, IN, is on
a rollercoaster ride. The
average rent price in Morristown, IN,
is $1,247.00. Indeed, when looking to rent in
Morristown, IN, you can expect to pay as little
as $500.00 or as much
as $2,440.00,
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, IN
-- 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.
Learn more on Foreclosure homes
