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 is currently exhibiting cooling market dynamics, primarily driven by a pending ratio of 0.32, indicating demand absorption is lagging inventory. This low pending ratio reflects a significant decline year-over-year, alongside a notable increase in active listings.
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.
The market is characterized by increasing inventory and a deceleration in demand. Active listings have expanded by 9.7% over the past year, while new listings also grew by 10.6% during the same period. Concurrently, the pending ratio has contracted by 10.3% year-over-year, reflecting a weakening in buyer activity relative to available supply. Median listing prices show moderate appreciation at 4.6% year-over-year, but the underlying metrics suggest a less competitive environment.
“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
In this environment, buyers are likely to experience reduced pressure for swift decisions due to the expanded inventory. The pace of transactions has decelerated, allowing for more deliberate negotiation on price and terms. Sellers may need to demonstrate greater price discipline to attract offers, as the market signals a shift away from rapid absorption.
The average listing price has increased by 13.0% over the past year, significantly outpacing the 4.6% rise in the median listing price, and the median $/sqft saw a 4.2% increase. This divergence, coupled with a median square footage of 2,077, does not strongly indicate luxury-segment softness from this dataset alone.
519 active listings represent the current floor, with new supply arriving at roughly 146 per month.
of active listings carry a price reduction, +0.4% from prior period.
Median price per square foot has moved +4.2% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Morristown, TN? Buyer Demand Index is running at 32%.
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
- 32%
- Median Days on Market
- 66 days
- Inventory YoY
- +10%
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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