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MORRISTOWN, IN 46161

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MORRISTOWN, IN real estate market (46161) currently shows 9 active listings, with 4 pending sales. Homes are averaging 107 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 107 days on market compared to 86 days last year.

The median listing price has fallen 22.1% year-over-year, from $339,900 to $264,900.

Whether you are buying or selling in MORRISTOWN, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,181  ·  Density: 24.5/mi²  ·  Median household income: $76,607

Typical home value: $181,553  ·  Homeownership: 75.9%

Market Overview

Active Listings
9
⇧ 80% vs 5 last year
Pending
4
44% pending ratio
Median Price
$264,900
⇩ 22.1% vs $339,900 last year
Average Price
$300,423
⇧ 3.3% vs $290,940 last year
Days on Market
107
⇧ 24.4% vs 86 days last year

Price Per Square Foot

Median $/sqft
$153
⇩ 12.1% vs $174/sqft last year
Median Home Size
1,656 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 5 last year
  • Days on market: 107 now vs 86 last year

Median & Average Pricing

Year over Year
  • Median: $264,900 (-22.1% YoY)
  • Average: $300,423 (+3.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.4 miles — 138 listings ($39,111,113 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46161Morristown, IN 461610.0 mi10$3,809,710$313,700$380,971
46130Fountaintown, IN 461307.5 mi9$2,717,964$292,500$301,996
46150Manilla, IN 461509.8 mi1$45,000$45,000$45,000
46176Shelbyville, IN 4617610.7 mi89$25,451,330$274,973$285,970
46117Charlottesville, IN 4611710.8 mi7$2,127,580$209,900$303,940
46154Maxwell, IN 4615413.5 mi1$99,900$99,900$99,900
46110Boggstown, IN 4611013.9 mi2$800,000$400,000$400,000
46155Mays, IN 4615514.9 mi3$472,401$153,000$157,467
46186Wilkinson, IN 4618615.6 mi2$789,850$394,925$394,925
47337Dunreith, IN 4733716.4 mi1$149,900$149,900$149,900
46156Milroy, IN 4615617.1 mi4$669,800$159,950$167,450
47385Spiceland, IN 4738517.2 mi2$279,800$139,900$139,900
47384Shirley, IN 4738418.4 mi7$1,697,878$242,175$242,554

Frequently Asked Questions

How many homes are for sale in MORRISTOWN, IN 46161?

As of March 2026, there are 9 active listings in MORRISTOWN, IN (zip code 46161), compared to 5 the prior year.

What is the median home price in MORRISTOWN, IN 46161?

The median listing price in MORRISTOWN, IN 46161 is $264,900 as of March 2026, a 22.1% decrease from $339,900 the prior year.

How long do homes stay on the market in MORRISTOWN, IN?

Homes in MORRISTOWN, IN 46161 spend an average of 107 days on the market before going under contract, compared to 86 days the prior year.

Is it a seller's or buyer's market in MORRISTOWN, IN 46161?

Based on current inventory and days-on-market data as of March 2026, MORRISTOWN, IN 46161 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 107 days on market compared to 86 days last year.

How much can I save on real estate commission in MORRISTOWN, IN?

With SELL123.com's maximum 3% commission, sellers in MORRISTOWN, IN 46161 save an estimated $5,298 compared to a typical 5% commission on the median listing price of $264,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.