Morristown, TN metro area Housing Market Brief
metro · as of July 2026
What is Morristown, TN metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Morristown, TN metro area in its market cycle?
Morristown, TN metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Morristown, TN metro area?
Our model forecasts Morristown, TN metro area’s home prices to rise about 2.1% over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Morristown, TN metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $324K | ▲ +0.4% |
| Median Days on Market | 56 days | ▲ +21.7% |
| Months of Supply | 3.4 | ▼ -12.8% |
| Homes for Sale | 638 | ▲ +5.5% |
| Homes Sold | 186 | ▲ +20% |
| Median Price / Sq Ft | $190 | ▼ -0.5% |
How has Morristown, TN metro area’s Alpha Score moved?
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Frequently asked questions
Is Morristown, TN metro area a buyer's or seller's market?
As of July 2026, Morristown, TN metro area is classified as a Buyer's Market, based on its Alpha Score of 38 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Morristown, TN metro area?
The median sale price in Morristown, TN metro area is $324K, having held roughly steady over the past year.
How affordable is Morristown, TN metro area?
Morristown, TN metro area scores 21 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Morristown, TN metro area's Alpha Score?
Morristown, TN metro area's strongest dimension is Economic Strength (50/100) and its weakest is Affordability (21/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Morristown, TN metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.