Morristown, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 376 transactions over the past year in Morristown. The median value for residential home transactions that occurred over the previous year is $957,138.2. The number of current listings in Morristown is 288, and the percentage of properties for sale in the city is 87.27%. Morristown, NJ currently has 42 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 288 properties for sale.
Morristown, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 07960 | $ 949,571 $ 436/sqft |
Housing Market Summary for Morristown, NJ
| Jun 2025 | June 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $797.5K | $897.6K | 12.55% |
| Median Sold Price | $819.3K | $897.6K | 9.56% |
| Homes For Sale | 40 | 282 | 605.00% |
| Homes Sold | 273 | 170 | -37.73% |
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 Morristown, NJ
Browse Homes in Morristown, NJ
Morristown home values range from $89,097 to $9,950,000. The median estimated value of a home in Morristown is $957,138.2. The median list price of a home is 932,000, and the total count of properties in the city is 11,871.
- Pre-ForeclosurePre-foreclosure homes account for 0.33% of all residential properties in Morristown, NJ with 07960 containing 39 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Morristown, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $2,976,723 in 07960 to the lowest home value of $89,097 in 07960.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Morristown, NJ ranges from the highest value of $1,144,000 in 07960 to the lowest value of $1,144,000 in 07960. Bank owned homes and properties account for 0.01% of properties in Morristown, NJ. There is 1 zips within Morristown, NJ; 07960 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07960 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Morristown, NJ. Auction homes and other auction properties account for 0.02% of all properties in Morristown, NJ. There is 1 zips within Morristown, NJ; of that zips, the median estimated home value for homes going to auction ranges from $729,000 in 07960 to the lowest value of $630,775 in 07960.