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City / Town Overview

Morristown, NJ

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

Market Analysis

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

The Morristown, NJ real estate market currently shows 74 active listings, with 35 pending sales. Homes are averaging 22 days on the market before going under contract.

Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 22 days on market compared to 29 days last year.

The median listing price has risen 0.7% year-over-year, from $844,000 to $849,975.

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
74
⇩ 12.9% vs 85 last year
Pending
35
47% pending ratio
Median Price
$849,975
⇧ 0.7% vs $844,000 last year
Average Price
$1,245,297
⇧ 3.7% vs $1,201,307 last year
Days on Market
22
⇩ 24.1% vs 29 days last year

Price Per Square Foot

Median $/sqft
$417
⇧ 8% vs $386/sqft last year
Median Home Size
2,052 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 %