Morristown, TN Foreclosures
Current Market Conditions in in Morristown, TN As of April 2026?
Over the past month, Morristown's real estate market has shown a steady increase in home sales, attributed to favorable mortgage rates and a continued influx of new residents. The average selling price has risen by approximately 5%, reflecting heightened demand as inventory levels remain relatively low. Potential buyers are encouraged to act promptly, as homes are selling faster than they were last year due to increased competition in the market.
How much do homes sell for in Morristown, TN?
The average home price is currently $311,891.
In Morristown, TN, how many homes are available?
There are currently 39 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 $28,950,400.
What is currently the cheapest priced home in Morristown, TN?
The cheapest home for sale in Morristown is priced at $10,517.
Living in Morristown, TN
Morristown, TN is a vibrant community known for its scenic beauty and outdoor recreational opportunities. Residents enjoy an affordable cost of living, a low crime rate, and a strong sense of community. The town's central location offers convenient access to larger urban areas like Knoxville, balancing tranquility with accessibility.
Buyer vs Seller Market in Morristown, TN
The real estate market in Morristown is currently experiencing growth, with an increasing number of homes sold in recent months. The demand for single-family homes has risen, driving prices up slightly, while inventory remains low, favoring sellers in negotiations. Buyers are particularly interested in properties close to schools, parks, and shopping amenities.
Investors are finding opportunities in Morristown as more people relocate to the area, attracted by its affordability and quality of life. New developments and residential projects are on the rise, indicating a stable and expanding real estate market.
Home Value Estimator For Morristown, TN
There are currently 21,155 real estate properties
in Morristown, TN,
with a median automated valuation model (AVM) price
of $243,396.00. 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 $311,891.00, with the most expensive house
in Morristown, TN, topping out
at $28,950,400.00 and the cheapest home
in Morristown, TN,
clocking in at $10,517.00. 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.
Learn more on Foreclosure homes
