NJ Market Dashboard
Morris County
Last updated: May 2026
Median Sale Price
$748K
Days on Market
16 days
Active Listings
1,456
Sale vs. Ask Price
105.78%
Median Sale Price Trend
12-month rolling median — Morris County
Days on Market
Green = below average (faster sales)
Inventory Levels
Active vs. new listings — monthly
Price Per Sqft by City
Ranked highest to lowest — May 2026
Sale vs. Ask Price
Above 100% = homes sold for more than asking price
Market Health Score
Composite of price momentum, inventory tightness, and demand strength
Zillow 12-Month Forecast
Projected home value change · Zillow Research
+1.3%
Modest growth expected. The market is stabilizing — a reasonable window for both buyers and sellers.
Price Per Sqft by City
Ranked by price per square foot. County average: $382/sqft. Click column headers to re-sort.
| City↕ | Price / Sqft↓ | vs. County Avg |
|---|---|---|
| Chatham | $688 | +80.1% |
| Chester | $575 | +50.5% |
| Madison | $522 | +36.6% |
| Florham Park | $520 | +36.1% |
| Morristown | $433 | +13.4% |
| Dover | $410 | +7.3% |
| Mendham | $355 | -7.1% |
| Parsippany | $339 | -11.3% |
| Rockaway | $323 | -15.4% |
What This Means For You
Data-driven takeaways for buyers, sellers, and investors in Morris County right now.
For Buyers
Competitive- →This is a competitive seller's market. Come prepared with pre-approval in hand and be ready to move quickly on well-priced homes.
- →Homes are selling 11.1% faster than last year. Act quickly — well-priced listings won't last.
- →Homes still sell above asking at 105.78% — so expect competition on move-in-ready, well-priced properties. Budget for at least asking price on desirable listings.
For Sellers
Strong Demand- →Median prices are up 9.8% year-over-year. The market is rewarding sellers who price with the trend, not against it.
- →Homes priced correctly are selling at 105.78% of list price — above asking. This only happens when you price strategically, not aspirationally.
- →Strong demand means a well-prepared home can generate multiple offers. Don't leave money on the table — prep properly and list at the right time.
- →Spring (March–May) typically brings peak buyer traffic in this county. List prepared, not rushed.
For Investors
Monitor- →With prices up 9.8% year-over-year, Morris County continues to build equity for existing owners. Entry-level and value-add properties offer the best basis.
- →Affordability is a constraint at the premium price point — focus on small multifamily or lower-priced municipalities within the county for better cap rate potential.
- →DOM of 16 days means motivated sellers are out there. Off-market outreach and patient deal sourcing can yield below-market acquisitions.
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