37813
Morristown, Tennessee

Morristown's 37813 ZIP code shows significant price acceleration with the median sale price reaching $325,000, up 31.3% year-over-year as of February 2026. Homes are moving at a moderate pace with an average 67 days on market, while 16% of properties sell above asking price. This combination of strong appreciation and reasonable inventory absorption suggests demand is outpacing supply, though the market hasn't reached the velocity where bidding wars dominate every transaction.

Current conditions favor sellers with existing equity and patient buyers willing to negotiate. The 84% of homes selling at or below list price indicates room for offer strategy, particularly for buyers who can wait through the 67-day average cycle. Investors seeking appreciation over cash flow may find the 31.3% growth rate compelling, but must underwrite conservatively given elevated entry prices. Sellers benefit from strong pricing power without facing the stale listing risk common in slower markets.

The PropIQ score of 70 signals neutral conditions ahead, suggesting the 31% appreciation rate is unlikely to sustain through 2026. Market participants should monitor days-on-market trends closely; any extension beyond 75-80 days would confirm cooling momentum. The moderate score indicates neither aggressive buying urgency nor immediate selling pressure is warranted, making the next 90 days critical for determining whether price growth stabilizes or contracts toward regional averages.