Is Morristown, TN 37814 a buyer’s or seller’s market?
Morristown is a seller’s market. With about 3.1 months of supply and 11% 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 32% of U.S. ZIP codes, and #99 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, 11% of homes in Morristown, TN 37814 sold above their list price, the typical home went under contract in 46 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 127 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold faster (49 days then) and the median sale price rose 4% to $334,305. Overall, Morristown is less competitive than a year ago, which gives buyers more room.
On our competition score, Morristown ranks #99 of 299 TN ZIP codes with enough sales (score 34 out of 100).
Nearby, buyers who want less competition could look at Whitesburg 37891 (9% sold over asking), while Russellville 37860 (29% sold over asking) and Morristown 37813 (25% sold over asking) are even more competitive.
Run the numbers for 37814
Nearby markets
Morristown 37813Seller’s market $171 /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
Loading map…
Questions about Morristown real estate
Is Morristown a buyer’s or seller’s market?
A seller’s market: there were 3.1 months of supply in Morristown, TN 37814 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 46 days in the latest three months.
Do homes in Morristown sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 97.5% 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 $334,305 in the three months ending August 31, 2026, about $172 per square foot.
Local agents
See all agents in 37814 →No sponsored agents in 37814 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 37814
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology