Morristown Real Estate Market

Morristown Market

The median sale price for homes in Morristown over the last 12 months is $342,500.


The median mortgage debt is $254,649.

Additional Statistics for Single Family Homes and Condos in Morristown, NJ
$379,440
Median Listing Price
89
Median Days on Market
92
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 $424,900. The list prices increased by 9.22% from the previous month.

The price per square foot for listings in this area is $229.

The median sale price in December for single family homes is $502,500. The sale prices increased by 9.23% from the previous month.

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Morristown, NJ Market Inventory Trends

The number of active listings in Morristown dropped by 11.6% from the previous month.

The median number of days active properties have been listed is 103.

The number of sales in December dropped by 6.3% from the previous month.

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Morristown, NJ Property Ownership

The percent of owner occupied properties in Morristown is 24.23% below the national average.

The percent of rental properties in Morristown is 34.87% 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.