Morris County, NJ Home Values & Market Trends
The median home price in Morris County, NJ is $613,706.01. 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 405, and the percentage of properties for sale is 405.00%. The county has 1,159 foreclosures, 28 bank owned properties, 95 headed for auction, and 405 properties for sale.
Morris County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Morristown | $ 687,500 $ 361/sqft | East Hanover | $ 649,850 $ 328/sqft |
| Chatham | $ 955,300 $ 474/sqft | Mountain Lakes | $ 1,136,000 $ 374/sqft |
| Denville | $ 608,400 $ 314/sqft | Chester | $ 1,025,000 $ 331/sqft |
| Rockaway | $ 530,100 $ 291/sqft | New Vernon | $ 528,200 $ 393/sqft |
| Long Valley | $ 602,100 $ 261/sqft | Florham Park | $ 739,200 $ 400/sqft |
| Randolph | $ 812,700 $ 283/sqft | Pine Brook | $ 968,200 $ 304/sqft |
| Boonton | $ 540,000 $ 323/sqft | Pequannock | $ 567,100 $ 341/sqft |
| Mendham | $ 1,121,000 $ 286/sqft | Butler | $ 620,000 $ 256/sqft |
| Flanders | $ 532,400 $ 255/sqft | Mine Hill | $ 600,700 $ 277/sqft |
| Parsippany | $ 666,900 $ 301/sqft | Netcong | $ 410,100 $ 245/sqft |
| Madison | $ 889,200 $ 449/sqft | Towaco | $ 647,400 $ 238/sqft |
| Montville | $ 819,600 $ 337/sqft | Riverdale | $ 553,850 $ 321/sqft |
| Wharton | $ 393,050 $ 323/sqft | Whippany | $ 769,700 $ 355/sqft |
| Lake Hopatcong | $ 431,100 $ 280/sqft | Stirling | $ 616,800 $ 385/sqft |
| Succasunna | $ 519,200 $ 285/sqft | Kenvil | $ 388,100 $ 290/sqft |
| Dover | $ 420,000 $ 295/sqft | Gillette | $ 617,700 $ 388/sqft |
| Lake Hiawatha | $ 419,100 $ 269/sqft | Cedar Knolls | $ 615,200 $ 388/sqft |
| Pompton Plains | $ 601,350 $ 350/sqft | Green Village | $ -- $ -- |
| Morris Plains | $ 668,050 $ 322/sqft | Mount Tabor | $ -- $ -- |
| Mount Arlington | $ 529,600 $ 300/sqft | Ledgewood | $ -- $ -- |
| Lincoln Park | $ 405,200 $ 294/sqft | Millington | $ -- $ -- |
| Budd Lake | $ 395,000 $ 259/sqft | Brookside | $ -- $ -- |
| Landing | $ 399,750 $ 329/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 $2,830,000, and Stirling is most affordable with average house prices of around $179,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.67% of all residential properties in Morris County, NJ with Dover containing 66 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 $288,900 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; Pompton Plains containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsDenville has 7 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 0.06% 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 Madison to the lowest value of $299,100 in Madison.
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More Real Estate Resources for Morris County, NJ
Guide for Morris County, NJ
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