What cash buyers have been doing here in the last 12 months.
Data last updated
In Morristown (85342), investors own about 24 tracked properties across 9 active buyers, with a median investor purchase price near $239,000. 4 were acquired in the last 12 months.
The trend is downward: 4 purchases against 6 the prior year, a decline of about 33%. Deals take longer to place here, and sellers who price for last year's market will sit.
Investors here buy at a median of $239,000. With an average of $188,000, pricing is consistent across deals — few outliers in either direction.
Strategy here skews to buy & hold, which accounts for 80.0% of tracked deals. Because these buyers underwrite to cash flow, a credible rent figure moves a deal further than a renovation estimate.
Investor-held stock here dates to a median of 1994. At 0.0% pre-1980, this is comparatively new housing — lighter rehab, fewer legacy-systems surprises.
9 cash buyers are active in 85342, and between them they hold about 24 properties. Each averaged under 0.4 purchases over the last 12 months, so the pool is broad rather than concentrated: more names to work, with less riding on any single relationship.
These numbers come from recorded purchases in this ZIP code, updated as new records land. They report what has already happened and are not a prediction or investment advice.