Is Morristown, TN 37814 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

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.

Months of supply3.1Under 4 months = seller’s market

Sold above original list11.4%Share of sales, last 3 months

Median sale-to-list97.5%Sold price ÷ list price

Median days on market46Listing to accepted offer

Median price per sq ft$172▼ −9.0% vs. last year

Run the numbers for 37814

Prefilled for 37814Can I win this house?Multiple-offer likelihood for a listing Prefilled for 37814Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Morristown 37813Seller’s market $171 /sq ft Russellville 37860Seller’s market $193 /sq ft Whitesburg 37891Balanced $181 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology