Morristown, TN
Housing market overview · Updated weekly
$312,000median sale price
Homes sold
39
Last 12 weeks
Days on market
70
Average pace
Active listings
148
3.8 months supply
Sale-to-list
97.9%
Below asking
The Morristown housing market is currently classified as a balanced market with a median sale price of $312,000. Prices have risen 19.3% compared to last year, with homes spending an average of 70 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Morristown?
The median home sale price in Morristown is $312,000, up 19.3% from last year.
How long do homes stay on market in Morristown?
Homes typically spend 70 days on market before going under contract.
Is Morristown a buyer's or seller's market?
With 3.8 months of supply, Morristown is currently a balanced market.
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