37814
Morristown, Tennessee
Morristown 37814 is stable.
The 37814 ZIP code in Morristown, Tennessee has a median sale price of $323K, up +9.0% year-over-year. Homes spend an average of 52 days on market, with 13% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The Morristown 37814 market shows moderate appreciation with a median sale price of $322,500, reflecting 9.0% year-over-year growth as of February 2026. Properties are clearing inventory at a measured pace, averaging 52 days on market, while only 13% of homes command above-asking offers. This pricing dynamic indicates a market that has moved past peak competition but maintains enough momentum to support steady gains, operating in a zone between buyer and seller control.
This environment favors sellers with realistic pricing strategies and buyers who can exercise patience during negotiation. The 52-day marketing period provides buyers adequate time for due diligence without extreme urgency, while the 13% above-list rate means aggressive overbidding is unnecessary in most transactions. Investors focused on appreciation rather than immediate flips benefit from the 9.0% annual gain, though the PropIQ score of 65 suggests heightened caution around entry timing and asset selection.
The 65 PropIQ score signals emerging headwinds that warrant defensive positioning. This caution-zone rating, combined with moderate above-list activity at 13%, suggests the market's pricing power may be approaching cyclical limits. Buyers should monitor whether days-on-market trends extend beyond 60 days, which would confirm a shift toward negotiating leverage. Sellers considering 2026 exits should prioritize first-quarter listings before potential demand softening materializes in the data.
What is the median home price in 37814 Morristown?
The median sale price in 37814 is $323K, up +9.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Morristown 37814?
Homes in 37814 Morristown spend an average of 52 days on market before going under contract.
Is Morristown 37814 a good place to invest in real estate?
Folio's PropIQ™ score for 37814 is 65/100 — a Caution signal. 13% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 37814?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 65 = Caution in 37814 Morristown, Tennessee.