Is Morristown, MN 55052 a buyer’s or seller’s market?

The Morristown housing market right now

In the three months ending August 31, 2026, 20% of homes in Morristown, MN 55052 sold above their list price, the typical home went under contract in 45 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 44%, homes sold more slowly (26 days then) and the median sale price fell 3% to $224,803. Overall, Morristown is less competitive than a year ago, which gives buyers more room.

Within Rice County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 57%.

Nearby, buyers who want less competition could look at Webster 55088 (0% sold over asking) or Nerstrand 55053 (0% sold over asking), while Warsaw 55087 (100% sold over asking) and Dundas 55019 (50% sold over asking) are even more competitive.