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MORRISTOWN, MN 55052

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

Market Analysis

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

The MORRISTOWN, MN real estate market (55052) currently shows 6 active listings, with 4 pending sales. Homes are averaging 98 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 98 days on market compared to 121 days last year.

The median listing price has fallen 8.5% year-over-year, from $535,250 to $489,950.

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
⇧ 20% vs 5 last year
Pending
4
67% pending ratio
Median Price
$489,950
⇩ 8.5% vs $535,250 last year
Average Price
$461,358
⇩ 13.8% vs $535,250 last year
Days on Market
98
⇩ 19% vs 121 days last year

Price Per Square Foot

Median $/sqft
$234
⇩ 12.4% vs $267/sqft last year
Median Home Size
2,009 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 5 last year
  • Days on market: 98 now vs 121 last year

Median & Average Pricing

Year over Year
  • Median: $489,950 (-8.5% YoY)
  • Average: $461,358 (-13.8% 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
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 23.8 miles — 215 listings ($99,734,559 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55052Morristown, MN 550520.0 mi4$1,759,760$449,900$439,940
56052Kilkenny, MN 560528.4 mi3$1,138,350$379,450$379,450
55049Medford, MN 5504910.6 mi2$629,800$314,900$314,900
56028Elysian, MN 5602813.4 mi3$1,739,700$579,900$579,900
55046Lonsdale, MN 5504614.7 mi17$8,585,935$389,899$505,055
55060Owatonna, MN 5506016.0 mi79$28,186,173$339,950$356,787
56057Le Center, MN 5605717.8 mi7$2,216,431$302,450$316,633
56017Cleveland, MN 5601719.4 mi8$3,735,520$314,900$466,940
55088Webster, MN 5508820.6 mi3$2,489,700$829,900$829,900
55057Northfield, MN 5505720.9 mi74$46,102,592$437,500$623,008
56078Pemberton, MN 5607822.7 mi1$190,000$190,000$190,000
56072New Richland, MN 5607223.6 mi6$1,368,198$224,900$228,033
55946Kenyon, MN 5594623.8 mi8$1,592,400$209,000$199,050

Frequently Asked Questions

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

As of February 2026, there are 6 active listings in MORRISTOWN, MN (zip code 55052), compared to 5 the prior year.

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

The median listing price in MORRISTOWN, MN 55052 is $489,950 as of February 2026, a 8.5% decrease from $535,250 the prior year.

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

Homes in MORRISTOWN, MN 55052 spend an average of 98 days on the market before going under contract, compared to 121 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 February 2026, MORRISTOWN, MN 55052 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 98 days on market compared to 121 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 $9,799 compared to a typical 5% commission on the median listing price of $489,950. 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.