Is Morristown, TN 37813 a buyer’s or seller’s market?
Morristown is a seller’s market. With about 3 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 48% of U.S. ZIP codes, and #30 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 Morristown housing market right now
In the three months ending August 31, 2026, 25% of homes in Morristown, TN 37813 sold above their list price, the typical home went under contract in 54 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 67 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (24% then), homes sold more slowly (29 days then) and the median sale price rose 1% to $298,361. Overall, Morristown is less competitive than a year ago, which gives buyers more room.
On our competition score, Morristown ranks #30 of 299 TN ZIP codes with enough sales (score 47 out of 100).
Nearby, buyers who want less competition could look at Whitesburg 37891 (9% sold over asking) or Morristown 37814 (11% sold over asking), while Russellville 37860 (29% sold over asking) is even more competitive.
Run the numbers for 37813
Nearby markets
Morristown 37814Seller’s market $172 /sq ftRussellville 37860Seller’s market $193 /sq ftWhitesburg 37891Balanced $181 /sq ft Browse all markets →Towns like Morristown nearby
Find towns like Morristown in other states →Where Morristown is
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Questions about Morristown real estate
Is Morristown a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Morristown, TN 37813 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 Morristown?
The typical home went under contract in 54 days in the latest three months.
Do homes in Morristown sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Morristown?
About 0.41% of a home’s value a year in Hamblen County, or roughly $1,640 on a $400,000 home.
What is the median home price in Morristown?
The median sale price was $298,361 in the three months ending August 31, 2026, about $171 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