Comprehensive market data and analysis• Updated Dec 2025
13.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 22 | 44 | 73 |
| 1-2 acres | 1 | 3 | 5 | 9 |
| 2-5 acres | - | 2 | 3 | 5 |
| 5-10 acres | - | 1 | 3 | 9 |
| 10-20 acres | 1 | 2 | 2 | 3 |
| 20-50 acres | - | - | 4 | 8 |
| 50-100 acres | - | 2 | 2 | 3 |
| 100+ acres | - | - | - | - |
| TOTAL | 4 | 32 | 63 | 110 |
Acreage buckets
The median price for land in Morristown, Tennessee is currently $79K per acre. For a typical parcel, the median sale price is $55K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $23K while premium lots reached $332K.
Morristown, Tennessee is currently a strong buyer's market with 13.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 175.5% year-over-year.
Morristown, Tennessee currently has 13.4 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Morristown, Tennessee typically sells within 166 days of listing. The median time on market is 58 days. Properties are moving slowly in the current strong buyer's market.
There are currently 143 active listings in Morristown, Tennessee. 30 new listings have hit the market in the last 90 days. The median asking price is $84K.
The median land price in Morristown, Tennessee stands at $55K. This translates to roughly $79K per acre for the typical parcel size. The average price is $158K, indicating some higher-priced properties pulling up the average.
Land in Morristown, Tennessee averages $117K per acre. The median price per acre is $79K, which may be more representative of typical transactions. Most parcels sold are around 26,572 sq ft.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
