Morristown Real Estate Market

Morristown Market

The median sale price for homes in Morristown over the last 12 months is $375,000.


The median mortgage debt is $238,707.

Additional Statistics for Single Family Homes and Condos in Morristown, NJ
$433,490
Median Listing Price
61
Median Days on Market
71
Active Listings
Not Available
Distressed Listings
(foreclosures and short sales)
Morristown, NJ Price Trends - Sold vs. Listed
The median list price in May for single family homes in Morristown is $429,900. The list prices increased by 7.47% from the previous month.

The price per square foot for listings in this area is $286.

The median sale price in February for single family homes is $377,000. The sale prices dropped by -29.79% from the previous month.

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Morristown, NJ Market Inventory Trends

The number of active listings in Morristown increased by 22.9% from the previous month.

The median number of days active properties have been listed is 50. This is significantly shorter than the national average.

The number of sales in February dropped by 50% from the previous month.

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Morristown, NJ Property Ownership

The percent of owner occupied properties in Morristown is 24.64% below the national average.

The percent of rental properties in Morristown is 33.02% above the national average which is typical for urban areas.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.