Morris County, NJ Home Values & Market Trends
The median home price in Morris County, NJ is $699,021.62. There were 5,571 home sales in Morris County, NJ over the past 12 months. The median residential Morris County, NJ home value for transactions over the previous year is $670,547.619. The number of current listings in Morris County, NJ is 2,160, and the percentage of properties for sale is 69.68%. The county has 940 foreclosures, 21 bank owned properties, 34 headed for auction, and 2,160 properties for sale.
Morris County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Morristown | $ 881,253 $ 397/sqft | Dover | $ 506,450 $ 307/sqft |
| Rockaway | $ 563,500 $ 343/sqft | Mendham | $ 1,021,000 $ 403/sqft |
| Randolph | $ 714,600 $ 345/sqft | Wharton | $ 491,900 $ 338/sqft |
| Denville | $ 638,000 $ 378/sqft | Succasunna | $ 642,400 $ 311/sqft |
| Kinnelon | $ 908,550 $ 310/sqft | Butler | $ 567,300 $ 346/sqft |
| Chatham | $ 1,169,000 $ 598/sqft | East Hanover | $ 721,550 $ 383/sqft |
| Boonton | $ 681,400 $ 358/sqft | Lake Hiawatha | $ 506,400 $ 353/sqft |
| Parsippany | $ 730,250 $ 346/sqft | Long Valley | $ 713,700 $ 287/sqft |
| Morris Plains | $ 737,150 $ 355/sqft | Budd Lake | $ 479,400 $ 342/sqft |
| Lake Hopatcong | $ 512,400 $ 328/sqft | Montville | $ 821,650 $ 338/sqft |
Housing Market Summary for Morris County, NJ
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $594.2K | $671.8K | 13.05% |
| Median Sold Price | $625.8K | $671.8K | 7.34% |
| Homes For Sale | 445 | 2,094 | 370.56% |
| Homes Sold | 3,310 | 2,848 | -13.96% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Morris County, NJ
Browse Homes in Morris County, NJ
Morris County, NJ home values range from $91,628 to $2,787,950. New Vernon is the priciest city with a median listing home price of $3,402,499.5, and Hibernia is most affordable with average house prices of around $$[sub-market-agg-lowest-median-list-price].
- Pre-ForeclosurePre-foreclosure homes account for 0.57% of all residential properties in Morris County, NJ with Rockaway containing 56 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 49 cities within Morris County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,953,000 in Butler to the lowest home value of $256,800 in Morris Plains.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Morris County, NJ ranges from the highest value of $1,594,750 in Morristown to the lowest value of $284,400 in Wharton. Bank owned homes and properties account for 0.01% of properties in Morris County, NJ. There are 49 cities within Morris County, NJ; Randolph containing 2 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsMontville has 4 auction properties, the highest number of properties going to auction in a single city in the state of Morris County, NJ. Auction homes and other auction properties account for 0.02% of all properties in Morris County, NJ. There are 49 cities within Morris County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $1,953,000 in Mendham to the lowest value of $282,800 in Mendham.