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Condo Foreclosures in Morristown, TN 37813

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Morristown, TN Foreclosures

Current Market Conditions in in Morristown, TN As of March 2026?
Over the past month, Morristown's real estate market has shown a steady increase in activity, with homes selling slightly faster than in previous months. This uptick can be attributed to the continued interest from both local buyers and those moving from nearby metropolitan areas. Although inventory remains tight, the demand for newly listed homes is strong, indicating a likely upward trend in home values as we progress into the spring season.
How much do homes sell for in Morristown, TN?
The average home price is currently $299,229.
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 an attractive city characterized by its friendly community, rich historical background, and diverse recreational activities. Residents enjoy access to excellent educational institutions and a variety of dining and shopping options. With its scenic lakes and parks, Morristown provides a scenic backdrop for outdoor activities, appealing to families and individuals alike.

Buyer vs Seller Market in Morristown, TN

The real estate market in Morristown is currently experiencing a balanced climate, with stable prices and an increasing demand for homes. The city's affordable housing options have attracted many first-time buyers, leading to a slight uptick in sales across various property types.

As the economy in Morristown continues to grow, more people are seeking to settle in this charming city. The combination of natural beauty and strong community values adds to the area's appeal, fostering a competitive market with the potential for future appreciation.

Home Value Estimator For Morristown, TN

There are currently 21,162 real estate properties in Morristown, TN, with a median automated valuation model (AVM) price of $234,196.00. 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 $299,229.00, 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 Condos

Market Trend for Morristown, TN

Total Listings Available: 0

Market Values:

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

Average Sales Price: $299,229

Rental Values:

Rental from $410 to $2,560

Average Rent Value: $1,052 / month

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