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Thursday, November 7, 2024

Morristown (unincorporated) home prices fall in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Morristown (unincorporated) fell by $46,000 while total sales decreased by 54.5%, according to BlockShopper.com.

From July through December of 2017, there were five homes sold, with a median sale price of $117,000 - a 28.2% decrease over the $163,000 median sale price for the same period of the previous year. There were 11 homes sold in Morristown (unincorporated) in the second half of 2016.

The median sales tax in Morristown (unincorporated) for 2017 was $558. In 2016, the median sales tax was $547. This marks an increase of 2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.5%.

The following table compares Morristown (unincorporated) to other Maricopa County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Mesa (unincorporated) 3793488.9%$178,000$160,00011.3%
Tolleson1929-34.5%$169,500$159,4006.3%
Sun City (unincorporated) 1,2891,2503.1%$165,000$143,95014.6%
Uninc-85249/Chandler South Central29-77.8%$162,500$225,100-27.8%
Tonopah (unincorporated) 1327-51.9%$150,000$120,00025%
Youngtown6579-17.7%$149,000$124,00020.2%
Uninc-85207/Apache Junction133333.3%$129,990$88,00047.7%
Guadalupe990%$125,000$53,000135.8%
Morristown (unincorporated)511-54.5%$117,000$163,000-28.2%
Arlington (unincorporated)440%$74,700$152,450-51%
Gila Bend141216.7%$57,850$35,00065.3%

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