Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Jan. 29, 2024

Morristown Tennessee Real Estate Market Update - Jan 29 2024

Posted in Market Updates
Jan. 11, 2024

Pricing Your Home Correctly in Morristown Tennessee

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Posted in Market Updates
April 21, 2023

7 costly Home Seller Mistakes In Morristown Tennessee

Selling a home can be a daunting task, especially if you are not familiar with the process. While it may seem simple enough, many home sellers make costly mistakes that can affect the selling price and timeline of their home. Here are 7️⃣ costly mistakes most home sellers make when selling a home and how you can avoid them.

1️⃣ Overpricing the home: One of the biggest mistakes home sellers make is overpricing their home. While you may have an emotional attachment to your home and think it is worth more than it actually is, overpricing can lead to your home sitting on the market for an extended period of time, ultimately resulting in a lower selling price.

2️⃣ Neglecting repairs: Another costly mistake is neglecting to make necessary repairs before putting your home on the market. Not only can this turn off potential buyers, but it can also lead to a lower selling price if buyers have to factor in the cost of repairs.

3️⃣ Failing to stage the home: A well-staged home can make a big difference in how quickly it sells and for how much. Failing to stage your home can lead to it sitting on the market for longer than necessary, and potentially selling for less than it is worth.

4️⃣ Not working with an experienced real estate agent: Many home sellers try to sell their home on their own, thinking they can save money on commission fees. However, not working with an experienced real estate agent can actually end up costing you more in the long run. A good agent can help you price your home correctly, market it effectively, and negotiate the best deal.

5️⃣ Poor quality listing photos: In today's digital age, the first impression your home makes on potential buyers is often through online listing photos. Poor quality listing photos can turn off buyers before they even step foot in your home, so it's important to invest in professional photography.

6️⃣ Being inflexible with showing times: While it can be inconvenient to have strangers walking through your home at all hours of the day, being inflexible with showing times can actually hurt your chances of selling your home. Buyers have busy schedules too, and if they can't see your home when it's convenient for them, they may move on to another property.

7️⃣ Not disclosing known issues: Finally, it's important to disclose any known issues with your home upfront. Failing to do so can lead to legal issues down the road and can harm your reputation as a seller.

In conclusion, selling a home can be a complicated process, but avoiding these 7️⃣ costly mistakes can make a big difference in how quickly your home sells and for how much. Work with an experienced agent, make necessary repairs, stage your home, invest in professional photography, be flexible with showing times, and disclose any known issues. With these tips in mind, you can sell your home with confidence.


#HomeSellingMistakes #RealEstateTips #EliteRealtyGroupTN

Contact Elite Realty Group for all your home selling needs at (423) 307-8566 or visit us at

Posted in Market Updates
April 14, 2023

Morristown, TN Real Estate Market Overview: Trends and Insights

Morristown, TN Real Estate Market Overview: Trends and Insights

Morristown, TN is a charming city located in the northeastern part of Tennessee. With a population of just over 30,000 people, Morristown offers a small-town feel with plenty of amenities and attractions for residents and visitors alike.

The real estate market in Morristown has been steadily growing in recent years, with a healthy mix of both residential and commercial properties available for sale or rent. Here are some key insights into the current state of the real estate market in Morristown, TN.

Residential Real Estate Market

Morristown's residential real estate market is currently experiencing a seller's market, meaning there are more buyers than available properties. The median home value in Morristown is around $150,000, which is slightly below the national median home value.

One of the main reasons for the strong demand in Morristown's real estate market is the city's affordability compared to neighboring areas. Many buyers are looking for a more affordable option that still offers access to amenities and a high quality of life, making Morristown an attractive option.

Additionally, there are many new construction homes available in Morristown, which is driving interest from buyers. Many of these new homes offer modern amenities and energy-efficient features, making them an even more attractive option.

Commercial Real Estate Market

The commercial real estate market in Morristown is also seeing growth, with several new developments and businesses opening in the city. Retail, restaurant, and office spaces are in high demand, as Morristown continues to attract new residents and visitors.

One of the most exciting new developments in the city is the Morristown Business Park, which offers over 400 acres of prime commercial real estate for businesses to locate. The business park is already home to several major companies, including Sonoco, a global packaging solutions provider.

Investment Opportunities

For those looking to invest in real estate, Morristown offers several opportunities. The city's growing population and strong demand for both residential and commercial properties make it an attractive option for investors.

Many investors are looking to take advantage of the city's affordability and new construction opportunities, as well as its location in the growing northeastern Tennessee region. Additionally, the Morristown Industrial Park offers investment opportunities in industrial real estate, with several major companies already located in the park.

Final Thoughts

Overall, the real estate market in Morristown, TN is experiencing steady growth and presents many opportunities for both buyers and investors. With its affordable housing options, strong demand for commercial properties, and growing population, Morristown is a great option for anyone looking to invest in real estate or relocate to the area.

Whether you're a buyer, seller, or investor, it's important to work with a local real estate professional who can help guide you through the process and ensure you make the best decisions for your unique situation.

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates