Morristown, TN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Morristown, TN is $312,000, up 19.3% year-over-year. Homes sell in an average of 70 days with 148 active listings. The market is currently a balanced market.
$312,000median sale price
Is Morristown a buyer's or seller's market?
Morristown, TN is currently a balanced market, based on 3.8 months of supply and homes selling in about 70 days. How we determine this →
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
Morristown, TN market data
| Metric | Value |
|---|---|
| Median sale price | $312,000 |
| Median list price | $269,450 |
| Year-over-year price change | +19.3% |
| Average days on market | 70 days |
| Active inventory | 148 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 97.9% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
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
Homes for sale in Morristown
There are currently 148 homes listed for sale in Morristown, Tennessee. The median listing price is $269K.
Active listings
148
Homes on market
Median list price
$269K
Avg. days on market
70
Days until sale
New this week
29
Newly listed
Top public schools in Morristown
15 schools tracked · 8,946 students
The largest public schools serving Morristown, TN 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 East High
Grades 9-12 · 1,520 students
Morristown West High
Grades 9-12 · 1,499 students
Hillcrest Elementary
Grades PK-5 · 639 students
Manley Elementary
Grades PK-5 · 618 students
Meadowview Middle School
Grades 6-8 · 597 students
Alpha Elementary
Grades K-5 · 594 students
West View Middle School
Grades 6-8 · 590 students
Lincoln Heights Middle School
Grades 6-8 · 568 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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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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