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Foreclosure Homes in Morristown, NJ

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Morristown, NJ Foreclosures

How much do homes sell for in Morristown, NJ?
The average home price is currently $983,515.
In Morristown, NJ, how many homes are available?
There are currently 360 active home listings available in Morristown.
What’s the average rental cost in Morristown, NJ?
The average rental price in Morristown is $2,911.
What is the most expensive home in Morristown?
The most expensive home sold in Morristown had a price of $119,241,464.
What is currently the cheapest priced home in Morristown, NJ?
The cheapest home for sale in Morristown is priced at $15,861.

Living in Morristown, NJ

Morristown, NJ is a dynamic town known for its lively downtown, strong educational institutions, and outstanding transportation options. The town's historical charm combined with modern amenities creates a desirable living environment. With parks and outdoor activities, Morristown appeals to both families and individuals looking for an engaging community.

Current Market Conditions in Morristown, NJ

The Morristown real estate market is experiencing growth, characterized by rising property values and a competitive environment for home buyers. This is partly driven by the town's appealing lifestyle, strong educational system, and convenient transportation options that draw residents seeking proximity to New York City.

Additionally, there is an increasing demand for housing due to the influx of new residents and professionals attracted to the area. Investors can expect solid returns as the market continues to thrive, and the trend towards urban living strengthens the appeal of Morristown's real estate.

Home Value Estimator For Morristown, NJ

There are currently 12,917 real estate properties in Morristown, NJ, with a median automated valuation model (AVM) price of $852,577.00. 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, NJ, 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, NJ, is $983,515.00, with the most expensive house in Morristown, NJ, topping out at $119,241,464.00 and the cheapest home in Morristown, NJ, clocking in at $15,861.00. In other words, there’s something for every potential homebuyer or savvy investor in Morristown, NJ!

Rent Prices In Morristown, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morristown, NJ, is on a rollercoaster ride. The average rent price in Morristown, NJ, is $2,911.00. Indeed, when looking to rent in Morristown, NJ, you can expect to pay as little as $1,310.00 or as much as $7,180.00, with the average rent median estimated to be $2,990.00. The good news is that finding an affordable and desirable property to rent in Morristown, NJ -- 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, NJ Foreclosures

Market Trend for Morristown, NJ

Total Listings Available: 360

Market Values:

Home Prices from $15,861 to $119,241,464

Average Sales Price: $983,515

Rental Values:

Rental from $1,310 to $7,180

Average Rent Value: $2,911 / month

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