Morristown, AZ, Real Estate
Morristown, Arizona, is a small, unincorporated community and census-designated place (CDP) located in Maricopa County, roughly 43 miles northwest of Phoenix at the junction of State Route 74 and U.S. Route 60. As of the 2020 census, it had a diminishing population, with counts dropping from 227 in 2010 to 186. The area is known for its rural-suburban mix, offering residents privacy and ample land, with most homes sitting on at least half an acre. Morristown is home to the Morristown Elementary School District and features the historic Morristown Store, once the Morristown Hotel, which is listed on the National Register of Historic Places.
Morristown currently has 10 single family homes for sale with an average list price of $720,180 and 66 lots for sale with an average list price of $385,091. The average annual property tax for Morristown is $816.
Browse Morristown
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Morristown, i.e. what's hot and what's not.
See What's Hot & What's Not in Morristown
Market Trends
Morristown home sales for the month of February decreased in volume by 33.3% when compared to last year, while the median sale price rose by 16% from $695,000 to $806,260. House sales decreased by 33.3%, while the median sale price rose by 16% from $695,000 to $806,260.
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50
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43
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10
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18
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$231,240
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$242,990
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$485,000
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$472,500
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Morristown
Number of Sales for Morristown
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