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MORRIS PLAINS, NJ 07950

Real Estate Market Report  ·  Morris County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MORRIS PLAINS, NJ real estate market (07950) currently shows 40 active listings, with 22 pending sales. Homes are averaging 29 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

The median listing price has fallen 32.2% year-over-year, from $754,444 to $511,250.

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.

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Market Context

Market Context

Population: 21,738  ·  Density: 921.2/mi²  ·  Median household income: $146,903

Typical home value: $555,919  ·  Homeownership: 76.9%

Market Overview

Active Listings
40
⇧ 8.1% vs 37 last year
Pending
22
55% pending ratio
Median Price
$511,250
⇩ 32.2% vs $754,444 last year
Average Price
$530,382
⇩ 26.1% vs $717,881 last year
Days on Market
29
vs 29 days last year

Price Per Square Foot

Median $/sqft
$303
⇩ 12.9% vs $348/sqft last year
Median Home Size
966 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 40 this year vs 37 last year
  • Days on market: 29 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $511,250 (-32.2% YoY)
  • Average: $530,382 (-26.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.0 miles — 238 listings ($292,619,737 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07950Morris Plains, NJ 079500.0 mi33$18,920,814$618,700$573,358
07927Cedar Knolls, NJ 079272.3 mi5$3,792,500$758,500$758,500
07981Whippany, NJ 079813.6 mi8$7,213,920$859,000$901,740
07054Parsippany, NJ 070544.2 mi25$19,118,850$717,750$764,754
07869Randolph, NJ 078695.1 mi37$36,801,828$793,570$994,644
07936East Hanover, NJ 079366.5 mi19$17,915,917$925,000$942,943
07005Boonton, NJ 070056.6 mi28$29,902,628$789,000$1,067,951
07940Madison, NJ 079406.8 mi21$50,763,027$2,347,500$2,417,287
07045Montville, NJ 070457.4 mi13$12,653,550$724,450$973,350
07058Pine Brook, NJ 070587.5 mi6$6,210,498$1,056,250$1,035,083
07935Green Village, NJ 079357.7 mi1$2,300,000$2,300,000$2,300,000
07847Kenvil, NJ 078477.9 mi3$2,100,000$700,000$700,000
07928Chatham, NJ 079289.0 mi39$84,926,205$1,916,000$2,177,595

Frequently Asked Questions

How many homes are for sale in MORRIS PLAINS, NJ 07950?

As of March 2026, there are 40 active listings in MORRIS PLAINS, NJ (zip code 07950), compared to 37 the prior year.

What is the median home price in MORRIS PLAINS, NJ 07950?

The median listing price in MORRIS PLAINS, NJ 07950 is $511,250 as of March 2026, a 32.2% decrease from $754,444 the prior year.

How long do homes stay on the market in MORRIS PLAINS, NJ?

Homes in MORRIS PLAINS, NJ 07950 spend an average of 29 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in MORRIS PLAINS, NJ 07950?

Based on current inventory and days-on-market data as of March 2026, MORRIS PLAINS, NJ 07950 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

How much can I save on real estate commission in MORRIS PLAINS, NJ?

With SELL123.com's maximum 3% commission, sellers in MORRIS PLAINS, NJ 07950 save an estimated $10,225 compared to a typical 5% commission on the median listing price of $511,250. 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.