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MORRISTOWN, IN 46161

Real Estate Market Report  ·  Shelby County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
9
⇧ 12.5% vs 8 last year
Pending
2
22% pending ratio
Median Price
$254,900
⇩ 21.2% vs $323,425 last year
Average Price
$346,371
⇧ 17.8% vs $294,100 last year
Days on Market
80
⇩ 5.9% vs 85 days last year

Market Context

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

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

Market Analysis

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

The MORRISTOWN, IN real estate market (46161) currently shows 9 active listings, with 2 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 80 days on market compared to 85 days last year.

The median listing price has fallen 21.2% year-over-year, from $323,425 to $254,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 8 last year
  • Days on market: 80 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $254,900 (-21.2% YoY)
  • Average: $346,371 (+17.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.7 miles — 459 listings ($152,088,004 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46161Morristown, IN 461610.0 mi9$3,117,339$254,900$346,371
46130Fountaintown, IN 461307.5 mi8$2,746,880$298,900$343,360
46150Manilla, IN 461509.8 mi1$45,000$45,000$45,000
46176Shelbyville, IN 4617610.7 mi95$26,555,350$259,900$279,530
46117Charlottesville, IN 4611710.8 mi6$1,835,640$209,900$305,940
46154Maxwell, IN 4615413.5 mi1$99,900$99,900$99,900
46110Boggstown, IN 4611013.9 mi1$174,900$174,900$174,900
46155Mays, IN 4615514.9 mi2$334,400$167,200$167,200
46186Wilkinson, IN 4618615.6 mi3$1,109,850$369,950$369,950
46239Indianapolis, IN 4623916.7 mi144$49,339,008$314,950$342,632
46229Indianapolis, IN 4622917.2 mi95$23,100,485$230,000$243,163
47272Saint Paul, IN 4727218.0 mi2$409,400$204,700$204,700
46055Mccordsville, IN 4605518.7 mi92$43,219,852$397,250$469,781

Frequently Asked Questions

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

As of January 2026, there are 9 active listings in MORRISTOWN, IN (zip code 46161), compared to 8 the prior year.

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

The median listing price in MORRISTOWN, IN 46161 is $254,900 as of January 2026, a 21.2% decrease from $323,425 the prior year.

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

Homes in MORRISTOWN, IN 46161 spend an average of 80 days on the market before going under contract, compared to 85 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 January 2026, MORRISTOWN, IN 46161 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 80 days on market compared to 85 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 $5,098 compared to a typical 5% commission on the median listing price of $254,900. 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.