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County Overview

Morris County, NJ

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

Market Analysis

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

The Morris County, NJ real estate market currently shows 1,435 active listings, with 591 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 107 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 31 days on market compared to 30 days last year.

The median listing price has risen 0.1% year-over-year, from $699,000 to $699,900.

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Market Context

Market Context

Population: 497,783  ·  Density: 644.9/mi²  ·  Median household income: $138,344

Typical home value: $561,598  ·  Homeownership: 74%

Included Areas

Morristown: 07960, 07962, 07963

Dover: 07801, 07802

Whippany: 07981, 07999

Boonton: 07005

Brookside: 07926

Budd Lake: 07828

Butler: 07405

Cedar Knolls: 07927

Wickham Woods: 07928

Chester: 07930

Convent Station: 07961

Denville: 07834

Town Village: 07936

Flanders: 07836

Area Map

Market Overview

Active Listings
1,435
⇧ 8.1% vs 1,328 last year
Pending
591
41% pending ratio
Median Price
$699,900
⇧ 0.1% vs $699,000 last year
Average Price
$917,906
⇧ 1.5% vs $903,948 last year
Days on Market
31
⇧ 3.3% vs 30 days last year

Price Per Square Foot

Median $/sqft
$330
⇩ 1.8% vs $336/sqft last year
Median Home Size
2,419 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.9%
Listings with no price change
Price Reduced
0.1%
⇩ 1.7% vs 0.1% last year
Price Increased
0%
⇩ 3%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

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 %