How competitive is the Morristown housing market?

Morristown is moderately competitive as of August 2026, with a Sold Score of 46/100 (Fair Chance of Selling). **Pending ratio** is 0.37 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +1.4% — more choices for buyers than a year ago. **Median days on market** is 70. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 50.4% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (August 2026): Sold Score: 46/100 (Fair Chance of Selling) · Pending ratio: 0.37 · Inventory YoY: +1.4% · Median days on market: 70 · Sellers cutting price: 50.4% · Median listing price: $479,000 (+6.5% YoY)