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City / Town Overview

Morristown, NJ

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

Market Overview

Active Listings
58
⇩ 13.4% vs 67 last year
Pending
25
43% pending ratio
Median Price
$899,999
⇧ 11.8% vs $805,000 last year
Average Price
$1,296,193
⇩ 8.3% vs $1,414,265 last year
Days on Market
47
⇩ 16.1% vs 56 days last year

Market Analysis

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

The Morristown, NJ real estate market currently shows 58 active listings, with 25 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 47 days on market compared to 56 days last year.

The median listing price has risen 11.8% year-over-year, from $805,000 to $899,999.

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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Included Areas

Morristown: 07960, 07962, 07963

Market Context

ZIP coverage: 3  ·  Population: 46,560  ·  Median household income: $146,024

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

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings