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Thursday, November 7, 2024

Morristown (unincorporated) home prices fall in 2017

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The median sale price of a home sold in 2017 in Morristown (unincorporated) fell by $29,500 while total sales decreased by 9.1%, according to BlockShopper.com.

From January through December of 2017, there were 20 homes sold, with a median sale price of $119,500 - a 19.8% decrease over the $149,000 median sale price for the previous year. There were 22 homes sold in Morristown (unincorporated) in 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 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Uninc-85249/Chandler South Central1114-21.4%$175,000$512,000-65.8%
Mesa (unincorporated) 84073314.6%$173,625$159,0009.2%
Tolleson5364-17.2%$168,000$147,45013.9%
Sun City (unincorporated) 2,8882,7544.9%$159,900$140,00014.2%
Arlington (unincorporated)8560%$150,000$139,9007.2%
Youngtown16814813.5%$141,000$130,0008.5%
Uninc-85207/Apache Junction2712125%$135,000$105,00028.6%
Morristown (unincorporated)2022-9.1%$119,500$149,000-19.8%
Tonopah (unincorporated) 5161-16.4%$115,000$139,000-17.3%
Guadalupe1215-20%$99,500$78,67426.5%
Gila Bend16160%$54,350$35,00055.3%

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