Morristown, TN Housing Market 2026: What's Actually Selling Right Now

If you invest in or around Morristown, the number that matters is what homes actually close for, not what sellers are asking. Here is what Morristown sale prices look like right now, built from the closings Resideline tracked over the last six months, as of August 2026.

The snapshot

• •Closings tracked, last 6 months: 377
• •Median sold price, last 6 months: $281,000
• •Middle half of sales closed between: $195,900 and $369,900

What the numbers say

Resideline tracked 377 closed sales in Morristown over the last six months, with a median closing price of $281,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $195,900 and $369,900. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings we track, not a complete county record, so treat the count as a large sample of the market rather than every sale that happened.

Median home price in Morristown, TN (August 2026)

The median home price in Morristown is $281,000, measured across the 377 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $195,900 and $369,900.

Where Morristown sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Morristown over the last six months, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $195,900 and $369,900. Where your target property sits inside that spread matters more than the citywide median.

The Morristown angle

Morristown serves as a regional employment and retail center for East Tennessee's Lakeway area, with a manufacturing base that has kept it from becoming a purely bedroom community. The median across 377 tracked closings was $281,000, with the middle half between $195,900 and $369,900. That $174,000 band is wide relative to the median, roughly 62 percent of it, which is what happens when in-town older stock and newer or lake-adjacent property share the same city figure. Monthly closings tracked 78, 93 and 105 across April, May and June, rising through the quarter. With a lower quartile under $200,000, entry points here are genuinely low, but the width of the band means two properties a few miles apart can justify very different price conclusions.

From market read to offer price

A market read is the backdrop. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. The public scoreboard currently shows 3.21% median error across 6,276+ graded closings, across 50 states. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Morristown address through Resideline and you will see the local market and the property's value together, in one report.