Data as of April 2026. Source: Realtor.com.
The MORRIS PLAINS, NJ real estate market (07950) currently shows 43 active listings, with 25 pending sales. Homes are averaging 26 days on the market before going under contract.
Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 26 days on market compared to 17 days last year.
The median listing price has fallen 13.8% year-over-year, from $747,500 to $644,250.
Whether you are buying or selling in MORRIS PLAINS, 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.
Population: 21,738 · Density: 921.2/mi² · Median household income: $146,903
Typical home value: $555,919 · Homeownership: 76.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 07950 | Morris Plains, NJ 07950 | 0.0 mi | 33 | $18,920,814 | $618,700 | $573,358 |
| 07927 | Cedar Knolls, NJ 07927 | 2.3 mi | 5 | $3,792,500 | $758,500 | $758,500 |
| 07981 | Whippany, NJ 07981 | 3.6 mi | 8 | $7,213,920 | $859,000 | $901,740 |
| 07054 | Parsippany, NJ 07054 | 4.2 mi | 25 | $19,118,850 | $717,750 | $764,754 |
| 07869 | Randolph, NJ 07869 | 5.1 mi | 37 | $36,801,828 | $793,570 | $994,644 |
| 07936 | East Hanover, NJ 07936 | 6.5 mi | 19 | $17,915,917 | $925,000 | $942,943 |
| 07005 | Boonton, NJ 07005 | 6.6 mi | 28 | $29,902,628 | $789,000 | $1,067,951 |
| 07940 | Madison, NJ 07940 | 6.8 mi | 21 | $50,763,027 | $2,347,500 | $2,417,287 |
| 07045 | Montville, NJ 07045 | 7.4 mi | 13 | $12,653,550 | $724,450 | $973,350 |
| 07058 | Pine Brook, NJ 07058 | 7.5 mi | 6 | $6,210,498 | $1,056,250 | $1,035,083 |
| 07935 | Green Village, NJ 07935 | 7.7 mi | 1 | $2,300,000 | $2,300,000 | $2,300,000 |
| 07847 | Kenvil, NJ 07847 | 7.9 mi | 3 | $2,100,000 | $700,000 | $700,000 |
| 07928 | Chatham, NJ 07928 | 9.0 mi | 39 | $84,926,205 | $1,916,000 | $2,177,595 |
As of April 2026, there are 43 active listings in MORRIS PLAINS, NJ (zip code 07950), compared to 51 the prior year.
The median listing price in MORRIS PLAINS, NJ 07950 is $644,250 as of April 2026, a 13.8% decrease from $747,500 the prior year.
Homes in MORRIS PLAINS, NJ 07950 spend an average of 26 days on the market before going under contract, compared to 17 days the prior year.
Based on current inventory and days-on-market data as of April 2026, MORRIS PLAINS, NJ 07950 is currently a Balanced Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 26 days on market compared to 17 days last year.
With SELL123.com's maximum 3% commission, sellers in MORRIS PLAINS, NJ 07950 save an estimated $12,885 compared to a typical 5% commission on the median listing price of $644,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.