Is Morrison, TN 37357 a buyer’s or seller’s market?
Morrison is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 7% of U.S. ZIP codes, and #267 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Morrison housing market right now
In the three months ending August 31, 2026, 9% of homes in Morrison, TN 37357 sold above their list price, the typical home went under contract in 106 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 23 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold more slowly (62 days then) and the median sale price fell 13% to $351,098. Overall, Morrison is less competitive than a year ago, which gives buyers more room.
On our competition score, Morrison ranks #267 of 299 TN ZIP codes with enough sales (score 14 out of 100).
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Nearby markets
Mcminnville 37110Balanced $191 /sq ftRock Island 38581Buyer’s market $216 /sq ft Browse all markets →Towns like Morrison nearby
Find towns like Morrison in other states →Where Morrison is
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Questions about Morrison real estate
Is Morrison a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Morrison, TN 37357 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Morrison?
The typical home went under contract in 106 days in the latest three months.
Do homes in Morrison sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Morrison?
About 0.42% of a home’s value a year in Warren County, or roughly $1,680 on a $400,000 home.
What is the median home price in Morrison?
The median sale price was $351,098 in the three months ending August 31, 2026, about $225 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology