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.

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Absorption Report

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.

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Recent Sales

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Subdivisions

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Circle City

Circle City is a single-family home community in Morristown, Arizona, built between 1958 and 2023. It currently has 3 single family homes for sale with an average list price of $357,967 and 7 lots for sale with an average list price of $76,129. The homes range in size from 800 ft2 to 1,672 ft2. The average annual property tax for Circle City is $196. It is located in Maricopa county. ... Read more
Median Price: $263,500

Subdivisions

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Market Trends

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Real Estate News

New Homes For Sale This Week in Morristown: February 28th to March 6th - March 7, 2025

Morristown had 2 new homes for sale during the week of Friday, February 28 to Thursday, March 6, including including 2 lots for sale with an average list price of ... continue reading
Homes Just Sold in Morristown: February 25th to March 3rd

Homes Just Sold in Morristown: February 25th to March 3rd - March 4, 2025

Morristown had only 1 sale during the week of Tuesday, February 25 to Monday, March 3, including and it was a . $239,900 518 W Claessens Dr. Morristown, AZ ... continue reading
New Homes For Sale This Week in Morristown: February 21st to February 27th

New Homes For Sale This Week in Morristown: February 21st to February 27th - February 28, 2025

Morristown had 6 new homes for sale during the week of Friday, February 21 to Thursday, February 27, including including 6 lots for sale with an average list price of ... continue reading
Homes Just Sold in Morristown: February 18th to February 24th

Homes Just Sold in Morristown: February 18th to February 24th - February 25, 2025

Morristown had 3 sales during the week of Tuesday, February 18 to Monday, February 24, including including 1 single family home for sale with a list price of $900,000 and ... continue reading
New Homes For Sale This Week in Morristown: February 14th to February 20th

New Homes For Sale This Week in Morristown: February 14th to February 20th - February 21, 2025

Morristown had 4 new homes for sale during the week of Friday, February 14 to Thursday, February 20, including including 1 single family home for sale with a list price ... continue reading
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