Morris Plains, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 239 transactions over the past year in Morris Plains. The median value for residential home transactions that occurred over the previous year is $747,339.32. The number of current listings in Morris Plains is 74, and the percentage of properties for sale in the city is 72.55%. Morris Plains, NJ currently has 28 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 74 properties for sale.
Morris Plains, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 07950 | $ 737,150 $ 355/sqft |
Housing Market Summary for Morris Plains, NJ
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $539K | $743.9K | 38.01% |
| Median Sold Price | $716.8K | $743.9K | 3.79% |
| Homes For Sale | 13 | 75 | 476.92% |
| Homes Sold | 136 | 129 | -5.15% |
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 Plains, NJ
Browse Homes in Morris Plains, NJ
Morris Plains home values range from $256,000 to $1,963,000. The median estimated value of a home in Morris Plains is $747,339.32. The median list price of a home is 749,500, and the total count of properties in the city is 7,252.
- Pre-ForeclosurePre-foreclosure homes account for 0.34% of all residential properties in Morris Plains, NJ with 07950 containing 25 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Morris Plains, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,100,000 in 07950 to the lowest home value of $256,800 in 07950.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Morris Plains, NJ ranges from the highest value of $1,043,000 in 07950 to the lowest value of $1,043,000 in 07950. Bank owned homes and properties account for 0.01% of properties in Morris Plains, NJ. There is 1 zips within Morris Plains, NJ; 07950 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07950 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Morris Plains, NJ. Auction homes and other auction properties account for 0.03% of all properties in Morris Plains, NJ. There is 1 zips within Morris Plains, NJ; of that zips, the median estimated home value for homes going to auction ranges from $864,500 in 07950 to the lowest value of $282,800 in 07950.