Morristown, MN Foreclosures
How much do homes sell for in Morristown, MN?
The average home price is currently $415,781.
In Morristown, MN, how many homes are available?
There are currently 1 active home listings available in Morristown.
What’s the average rental cost in Morristown, MN?
The average rental price in Morristown is $1,626.
What is the most expensive home in Morristown?
The most expensive home sold in Morristown had a price of $2,582,241.
What is currently the cheapest priced home in Morristown, MN?
The cheapest home for sale in Morristown is priced at $15,521.
Living in Morristown, MN
Morristown, MN, is a charming small town with a welcoming community vibe, perfect for families and those seeking a peaceful lifestyle. The area offers local businesses, outdoor activities, and a close-knit community that promotes involvement and connection. Enjoy the comfort of a quiet town while still benefiting from local amenities and natural beauty.
Current Market Conditions in Morristown, MN
The real estate market in Morristown has shown steady growth in recent months, with a modest increase in property values as more people seek homes in the area. The demand for housing has led to a limited supply of homes on the market, creating a favorable environment for sellers. Additionally, interest rates remain relatively low, encouraging first-time buyers to enter the market.
Overall, homes in Morristown typically sell quickly, often receiving multiple offers. Buyers are particularly interested in single-family homes with larger lots that offer privacy and space for outdoor activities.
Home Value Estimator For Morristown, MN
There are currently 773 real estate properties
in Morristown, MN,
with a median automated valuation model (AVM) price
of $316,717.00. 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, MN, 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, MN,
is $415,781.00, with the most expensive house
in Morristown, MN, topping out
at $2,582,241.00 and the cheapest home
in Morristown, MN,
clocking in at $15,521.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Morristown, MN!
Rent Prices
In Morristown, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Morristown, MN, is on
a rollercoaster ride. The
average rent price in Morristown, MN,
is $1,626.00. Indeed, when looking to rent in
Morristown, MN, you can expect to pay as little
as $690.00 or as much
as $3,180.00,
with the average rent median estimated to
be $1,570.00. The good news is that finding
an affordable and desirable property to rent in Morristown, MN
-- 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
