Property prices for sale in Morristown (Tennessee)
The prices in real estate in Morristown, in the Tennessee region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Morristown has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,986. In the following month the price per sq.feet decreased considerably to $1,197. The price for the following two months in (January, February) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has decreased 88 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,365 to $1,196 during March, and April.
Based upon to the price in Morristown (cities), this has gone downing the last 6 months. The average price for November is $350,457. During December the price had a slight fall till $313,193. In the following two months the average price has remained the same with regard to the previous two months from $331,825 to $321,263. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $326,544 to $300,704.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $326,830 they are 49 % more affordable than the average price for Morristown. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $330,982.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $121 / sq.feet, with an average $995 / sq.feet price in Morristown. The properties with the highest average prices have 3 bedrooms. They are 17 % more expensive than the average followed by properties with 4 bedrooms with a price at $466 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $326,830 it is 63 % cheaper than the average price in Morristown. "Commercial" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Condo". At a price of $364,393 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $187 / sq.feet followed by "Condo" priced at $257 / sq.feet. "Apartment" is the most costly type of property with a $1,471 / sq.feet cost followed by "House" with an average price of $773 / sq.feet.
