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City / Town Overview

Morristown, NJ

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The Morristown, NJ real estate market currently shows 108 active listings, with 46 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 30 days on market compared to 26 days last year.

The median listing price has risen 6.2% year-over-year, from $926,000 to $983,000.

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Market Context

Market Context

Population: 46,560  ·  Density: 519.3/mi²  ·  Median household income: $146,024

Typical home value: $678,232  ·  Homeownership: 62.5%

Included Areas

Morristown: 07960, 07962, 07963

Area Map

Market Overview

Active Listings
108
⇧ 18.7% vs 91 last year
Pending
46
43% pending ratio
Median Price
$983,000
⇧ 6.2% vs $926,000 last year
Average Price
$1,400,631
⇧ 6.9% vs $1,309,794 last year
Days on Market
30
⇧ 15.4% vs 26 days last year

Price Per Square Foot

Median $/sqft
$398
⇧ 2.8% vs $387/sqft last year
Median Home Size
2,448 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %