Morris County, NJ Housing Market Trends

Market Overview for Q3 2026

$718K 7.3% Y-o-Y $49K Y-o-Y
$369 3.7% Y-o-Y $13 Y-o-Y
1,518 13.4% Y-o-Y 179 Y-o-Y
Morris County, NJ Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $515,000 $565,000 $560,000 $515,000
2023 0 0 0 0
2024 $600,000 $660,000 $650,000 $625,000
2025 $603,000 $700,000 $669,000 $655,000
2026 $630,000 $730,000 $718,000
Morris County, NJ Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $269 $290 $286 $278
2023 0 0 0 0
2024 $320 $342 $337 $339
2025 $336 $369 $356 $349
2026 $348 $373 $369
Real Estate Transactions in Morris County, NJ
Year Q1 Q2 Q3 Q4
2022 1,418 1,995 2,014 1,286
2023 0 0 0 0
2024 755 1,243 1,438 1,160
2025 938 1,249 1,339 1,221
2026 869 1,381 1,518
Morris County, NJ Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $515,000 $565,000 $560,000 $515,000
2023 0 0 0 0
2024 $600,000 $660,000 $650,000 $625,000
2025 $603,000 $700,000 $669,000 $655,000
2026 $630,000 $730,000 $718,000
Morris County, NJ Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $269 $290 $286 $278
2023 0 0 0 0
2024 $320 $342 $337 $339
2025 $336 $369 $356 $349
2026 $348 $373 $369
Real Estate Transactions in Morris County, NJ
Year Q1 Q2 Q3 Q4
2022 1,418 1,995 2,014 1,286
2023 0 0 0 0
2024 755 1,243 1,438 1,160
2025 938 1,249 1,339 1,221
2026 869 1,381 1,518

Morris County, NJ Housing Stock

Property Type
Units

Morris County: Demographics

Total population
514,528
Median age
42.6
No high school education
2.4%
Some high school/college
22.7%
Bachelor's degree
32.8%
Average household income
$186,467
Occupied housing units
193,245
Owner-occupied units
74.3%
Renter-occupied units
25.7%
Median year structure built
1971

Discover City-Level Housing Market Prices and Trends in Morris County, NJ

#
City
Median Sale Price
1
Chatham
$1.6M
2
Morristown
$950K
3
Randolph
$843K
4
Boonton
$785K
5
Denville
$727K
6
Morris Plains
$680K
7
Butler
$650K
8
Rockaway
$570K