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City / Town Overview

Morristown, NJ

Aggregate real estate market report across all ZIPs in scope
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The Morristown, NJ real estate market currently shows 143 active listings, with 72 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has increased compared to last year, with 38 more homes available — giving buyers more choice.

The median listing price has risen 20.1% year-over-year, from $869,000 to $1,043,876.

Whether you are buying or selling in Morristown, NJ, 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: 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
143
⇧ 36.2% vs 105 last year
Pending
72
50% pending ratio
Median Price
$1,043,876
⇧ 20.1% vs $869,000 last year
Average Price
$1,406,582
⇧ 24.3% vs $1,131,933 last year
Days on Market
30
vs 30 days last year

Price Per Square Foot

Median $/sqft
$407
⇧ 7.1% vs $380/sqft last year
Median Home Size
2,187 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 %