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MORRISTOWN, MN 55052

Real Estate Market Report  ·  Rice County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MORRISTOWN, MN real estate market (55052) currently shows 6 active listings, with 4 pending sales. Homes are averaging 136 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 136 days on market compared to 75 days last year.

The median listing price has risen 23.7% year-over-year, from $375,500 to $464,325.

Whether you are buying or selling in MORRISTOWN, MN, 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: 1,849  ·  Density: 15.9/mi²  ·  Median household income: $78,958

Typical home value: $264,291  ·  Homeownership: 88.5%

Market Overview

Active Listings
6
vs 6 last year
Pending
4
67% pending ratio
Median Price
$464,325
⇧ 23.7% vs $375,500 last year
Average Price
$463,513
⇧ 12.5% vs $411,897 last year
Days on Market
136
⇧ 81.3% vs 75 days last year

Price Per Square Foot

Median $/sqft
$238
⇧ 58.7% vs $150/sqft last year
Median Home Size
1,977 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 136 now vs 75 last year

Median & Average Pricing

Year over Year
  • Median: $464,325 (+23.7% YoY)
  • Average: $463,513 (+12.5% 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 23.7 miles — 210 listings ($88,928,082 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55052Morristown, MN 550520.0 mi6$2,768,148$489,950$461,358
56052Kilkenny, MN 560528.4 mi2$838,450$419,225$419,225
55049Medford, MN 5504910.6 mi4$1,139,800$269,900$284,950
56028Elysian, MN 5602813.4 mi4$2,978,768$777,175$744,692
55046Lonsdale, MN 5504614.7 mi21$11,502,309$372,500$547,729
55060Owatonna, MN 5506016.0 mi80$27,670,640$354,850$345,883
56057Le Center, MN 5605717.8 mi5$1,907,875$327,450$381,575
56017Cleveland, MN 5601719.4 mi8$4,661,232$609,900$582,654
56046Hope, MN 5604620.2 mi1$319,900$319,900$319,900
56024Eagle Lake, MN 5602420.9 mi8$3,311,304$374,900$413,913
56071New Prague, MN 5607121.9 mi38$16,871,316$427,475$443,982
56080Saint Clair, MN 5608023.3 mi2$393,300$196,650$196,650
55054Elko New Market, MN 5505423.7 mi31$14,565,040$457,995$469,840

Frequently Asked Questions

How many homes are for sale in MORRISTOWN, MN 55052?

As of March 2026, there are 6 active listings in MORRISTOWN, MN (zip code 55052), compared to 6 the prior year.

What is the median home price in MORRISTOWN, MN 55052?

The median listing price in MORRISTOWN, MN 55052 is $464,325 as of March 2026, a 23.7% increase from $375,500 the prior year.

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

Homes in MORRISTOWN, MN 55052 spend an average of 136 days on the market before going under contract, compared to 75 days the prior year.

Is it a seller's or buyer's market in MORRISTOWN, MN 55052?

Based on current inventory and days-on-market data as of March 2026, MORRISTOWN, MN 55052 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 136 days on market compared to 75 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MORRISTOWN, MN 55052 save an estimated $9,287 compared to a typical 5% commission on the median listing price of $464,325. 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.