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Foreclosure Homes in Morristown, TN 37813

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Morristown, TN Foreclosures

Current Market Conditions in in Morristown, TN As of February 2026?
In the past month, there has been a noticeable uptick in market activity in Morristown, with a 10% increase in the number of properties sold compared to the previous month. This shift is partially driven by seasonal movement in real estate, as families often seek new homes during the spring. Additionally, new listings have come onto the market, contributing to a balanced inventory that maintains competitive prices. Homes are typically selling quickly, often within a matter of weeks as demand remains strong. This is a promising trend for prospective sellers looking to capitalize on current market conditions.
How much do homes sell for in Morristown, TN?
The average home price is currently $289,908.
In Morristown, TN, how many homes are available?
There are currently 48 active home listings available in Morristown.
What’s the average rental cost in Morristown, TN?
The average rental price in Morristown is $1,052.
What is the most expensive home in Morristown?
The most expensive home sold in Morristown had a price of $29,655,600.
What is currently the cheapest priced home in Morristown, TN?
The cheapest home for sale in Morristown is priced at $10,262.

Living in Morristown, TN

Morristown, TN is a charming city nestled in the foothills of the Appalachian Mountains. It offers a blend of outdoor activities and cultural experiences, making it perfect for families and individuals alike. With quality schools, convenient amenities, and access to nature, Morristown is an appealing location for potential homeowners.

Buyer vs Seller Market in Morristown, TN

The real estate market in Morristown is currently experiencing steady growth, characterized by increased demand for residential properties. This influx of buyers is attributed to the city's affordability compared to surrounding areas and its amenity-rich environment. As of now, housing prices have reflected a slight increase, making it a favorable time for sellers while still attractive for buyers seeking value for money.

The rental market is also performing well, with many investors showing interest in multi-family units and single-family homes, leading to a competitive rental landscape. The overall trend indicates a reliable appreciation in home values, bolstered by the stable local economy and ongoing developments.

Home Value Estimator For Morristown, TN

There are currently 21,150 real estate properties in Morristown, TN, with a median automated valuation model (AVM) price of $225,289.00. 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, TN, 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, TN, is $289,908.00, with the most expensive house in Morristown, TN, topping out at $29,655,600.00 and the cheapest home in Morristown, TN, clocking in at $10,262.00. In other words, there’s something for every potential homebuyer or savvy investor in Morristown, TN!

Rent Prices In Morristown, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morristown, TN, is on a rollercoaster ride. The average rent price in Morristown, TN, is $1,052.00. Indeed, when looking to rent in Morristown, TN, you can expect to pay as little as $410.00 or as much as $2,560.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Morristown, TN -- 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, TN 37813 Foreclosures

Market Trend for Morristown, TN

Total Listings Available: 48

Market Values:

Home Prices from $10,262 to $29,655,600

Average Sales Price: $289,908

Rental Values:

Rental from $410 to $2,560

Average Rent Value: $1,052 / month

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