Morristown, TN
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Morristown market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Morristown, TN.
Morristown, TN is currently experiencing a cooling market condition, characterized by a pending ratio of 0.37. This indicates that demand absorption is moderate relative to the available inventory, suggesting less intense market activity compared to previous periods.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Morristown market right now.
Active listings have remained relatively stable, with a modest 1.4% year-over-year increase, while new listings saw no change over the past year. The median days on market have extended to 70, reflecting an 11.1% increase year-over-year, suggesting a slower pace of transactions. The pending ratio has declined by 8.6% year-over-year, reinforcing the trend of reduced demand absorption.
“Local pricing and inventory dynamics across Morristown shift block by block — happy to walk through what's actually closing.”
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
With a pending ratio of 0.37, the pace of transactions has decelerated, allowing for more protracted negotiations. The increase in median days on market suggests less immediate pressure for buyers to commit, while sellers may need to exercise greater price discipline to attract offers.
The average listing price increased by 16.1% year-over-year to $659,338, outpacing the 6.5% year-over-year increase in the median listing price of $479,000. This widening gap between average and median pricing suggests some buoyancy at higher price points, despite the overall market condition.
492 active listings represent the current floor, with new supply arriving at roughly 176 per month.
of active listings carry a price reduction, -0.2% from prior period.
Median price per square foot has moved +4.1% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Morristown, TN? Homes here are taking 7 days longer to sell than last year.
Buyers have leverage in Morristown, TN. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 37%
- Median Days on Market
- 70 days
- Inventory YoY
- +1%
In a buyer's market, strategy beats timing. See how your home scores in Morristown, TN and what moves the number.
See my Sold Score & selling strategy →Talk to a listing expert who is actively selling in Morristown, TN.
Christer Holmquist →Keller Williams Realty
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