Is Morristown, MN 55052 a buyer’s or seller’s market?
Morristown is a seller’s market. With about 1.9 months of supply and 20% 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 supply1.9Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list99.2%Sold price ÷ list price
Median days on market45Listing to accepted offer
Median price per sq ft$157▼ −13.6% vs. last year
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Nearby markets
Dundas 55019Seller’s market $200 /sq ftFaribault 55021Seller’s market $169 /sq ftLonsdale 55046Seller’s market $176 /sq ftNerstrand 55053Seller’s market $189 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology