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Featured local agent — Morristown, AZ
Sarah Mitchell
Compass Real Estate · Morristown, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morristown, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$289,000median sale price
How is the Morristown, AZ housing market right now?
The median home sale price in Morristown, AZ is $289,000, down 67.3% year-over-year. Homes sell in an average of 48 days with 3 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Morristown a buyer's or seller's market?
Morristown, AZ is currently a balanced market, based on 3.0 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
48
Average pace
Active listings
3
3.0 months supply
Sale-to-list
100.0%
Above asking
What does the Morristown housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $289,000 |
| Median list price | $195,000 |
| Year-over-year price change | -67.3% |
| Average days on market | 48 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $250/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Morristown by property type?
How the Morristown, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $289,000 | $250/sq ft | 1 | 48 days |
Source: Redfin · Updated monthly
The Morristown housing market is currently classified as a balanced market with a median sale price of $289,000. Prices have fallen 67.3% compared to last year, with homes spending an average of 48 days on market, indicating 3.0 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
Homes for sale in Morristown
There are currently 3 homes listed for sale in Morristown, Arizona. The median listing price is $195K.
Active listings
3
Homes on market
Median list price
$195K
Avg. days on market
48
Days until sale
New this week
1
Newly listed
Who lives in Morristown?
Population
194
Median income
$72,083/yr
Median age
64.8 years
Owner-occupied
96.7%
College grads
21.1%
Source: U.S. Census Bureau ACS
What is it like to live in Morristown?
Morristown is a community of approximately 0K residents with a median age of 64.8 years.The median household income is $72,083, which represents a working-class community with solid middle-income opportunities. 21.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 96.7%, reflecting strong community stability and long-term resident commitment.Overall, Morristown offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morristown?
1 schools tracked · 143 students
The largest public schools serving Morristown, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Morristown Elementary School
Grades PK-8 · 143 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Morristown, AZ?
Want a head-to-head view? Compare Morristown side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Morristown?
The median home sale price in Morristown is $289,000, down 67.3% from last year.
How long do homes stay on market in Morristown?
Homes typically spend 48 days on market before going under contract.
What is the median income in Morristown?
The median household income is $72,083 per year.
Is Morristown a buyer's or seller's market?
With 3.0 months of supply, Morristown is currently a balanced market.
How much does a single-family home cost in Morristown?
The median single-family home price in Morristown, AZ is $289,000 (about $250 per square foot).
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