Morris County, NJ Home Values & Market Trends
The median home price in Morris County, NJ is $613,719.12. There were 5,674 home sales in Morris County, NJ over the past 12 months. The median residential Morris County, NJ home value for transactions over the previous year is $563,838.638. The number of current listings in Morris County, NJ is 420, and the percentage of properties for sale is 420.00%. The county has 1,125 foreclosures, 26 bank owned properties, 110 headed for auction, and 420 properties for sale.
Morris County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Morristown | $ 662,900 $ 347/sqft | Mountain Lakes | $ 1,409,000 $ 359/sqft |
| Chatham | $ 955,300 $ 459/sqft | Netcong | $ 479,400 $ 245/sqft |
| Denville | $ 607,200 $ 310/sqft | East Hanover | $ 679,500 $ 308/sqft |
| Long Valley | $ 614,050 $ 256/sqft | Butler | $ 536,700 $ 254/sqft |
| Rockaway | $ 530,100 $ 291/sqft | Florham Park | $ 739,200 $ 400/sqft |
| Randolph | $ 801,150 $ 283/sqft | Chester | $ 1,096,500 $ 318/sqft |
| Madison | $ 987,200 $ 449/sqft | Mine Hill | $ 549,150 $ 284/sqft |
| Mendham | $ 1,179,000 $ 285/sqft | Towaco | $ 663,500 $ 242/sqft |
| Morris Plains | $ 681,300 $ 333/sqft | Pine Brook | $ 968,200 $ 304/sqft |
| Flanders | $ 580,800 $ 255/sqft | New Vernon | $ -- $ -- |
| Boonton | $ 540,000 $ 323/sqft | Riverdale | $ 552,800 $ 344/sqft |
| Succasunna | $ 578,800 $ 285/sqft | Pequannock | $ 567,100 $ 341/sqft |
| Dover | $ 398,500 $ 295/sqft | Whippany | $ 779,650 $ 359/sqft |
| Montville | $ 819,600 $ 317/sqft | Mount Tabor | $ 462,300 $ 355/sqft |
| Mount Arlington | $ 529,600 $ 295/sqft | Ledgewood | $ 436,900 $ 220/sqft |
| Parsippany | $ 608,650 $ 310/sqft | Stirling | $ 616,800 $ 385/sqft |
| Lake Hopatcong | $ 423,050 $ 271/sqft | Kenvil | $ 388,100 $ 290/sqft |
| Wharton | $ 391,350 $ 328/sqft | Gillette | $ 617,700 $ 388/sqft |
| Lake Hiawatha | $ 419,300 $ 249/sqft | Cedar Knolls | $ 615,200 $ 388/sqft |
| Pompton Plains | $ 615,300 $ 348/sqft | Green Village | $ -- $ -- |
| Lincoln Park | $ 405,200 $ 294/sqft | Millington | $ -- $ -- |
| Landing | $ 412,300 $ 325/sqft | Brookside | $ -- $ -- |
| Budd Lake | $ 413,500 $ 259/sqft |
Housing Market Summary for Morris County, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $618.6K | $582.7K | -5.81% |
| Median Sold Price | $525K | $582.7K | 10.98% |
| Homes For Sale | 488 | 389 | -20.29% |
| Homes Sold | 3,211 | 2,813 | -12.39% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Morris County, NJ
Browse Homes in Morris County, NJ
Morris County, NJ home values range from $114,208 to $3,395,920. New Vernon is the priciest city with a median listing home price of $3,375,000, and Stirling is most affordable with average house prices of around $179,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.64% of all residential properties in Morris County, NJ with Dover containing 64 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 45 cities within Morris County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $807,400 in New Vernon to the lowest home value of $220,100 in Randolph.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Morris County, NJ ranges from the highest value of $522,900 in Mountain Lakes to the lowest value of $232,400 in Pompton Plains. Bank owned homes and properties account for 0.02% of properties in Morris County, NJ. There are 45 cities within Morris County, NJ; Succasunna containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsDenville has 8 auction properties, the highest number of properties going to auction in a single city in the state of Morris County, NJ. Auction homes and other auction properties account for 0.07% of all properties in Morris County, NJ. There are 45 cities within Morris County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $1,429,000 in Montville to the lowest value of $299,100 in Montville.
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More Real Estate Resources for Morris County, NJ
Guide for Morris County, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
