Morristown, NJ Real Estate Market Summary – September 8, 2026
In Morristown, NJ, the real estate market has recently shown a total of 36 homes sold, maintaining a consistent pace of 1.20 homes per day. The average living area among these homes is 1,640 square feet, with an average sale price of $1,144,158.
| Metric | 30 Days |
|---|---|
| Number Sold | 36 |
| Sold Per Day | 1.20 |
| Average SQFT | 1640 |
| Median Sales Price | $877,500 |
| Average Sales Price | $1,144,158 |
| Average Price Per SQFT | $331 |
| Average Days on Market | 17 |
| Average Year Built | 1959 |
Morristown, NJ Single Family Home Analysis
The single-family home market in Morristown saw 34 homes sold with an average living space of 1,473 square feet. These homes had an average sale price of $1,171,609 and were on the market for an average of 18 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 34 |
| Sold Per Day | 1.13 |
| Average SQFT | 1473 |
| Median Sales Price | $917,500 |
| Average Sales Price | $1,171,609 |
| Average Price Per SQFT | $300 |
| Average Days on Market | 18 |
| Average Year Built | 1959 |
Morristown, NJ Condo & Townhome Analysis
In the condo and townhome segment, only 1 unit was sold, featuring a living area of 1,807 square feet and an average sale price of $655,000, with its time on the market averaging 12 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 1 |
| Sold Per Day | 1 every 30.00 days |
| Average SQFT | 1807 |
| Median Sales Price | $655,000 |
| Average Sales Price | $655,000 |
| Average Price Per SQFT | $362 |
| Average Days on Market | 12 |
| Average Year Built | 2003 |
Buyer & Seller Analysis
- The pace of home sales is 1.20 homes per day.
- The average days on the market before a sale is 17 days.
- The average sale price across all homes is $1,144,158.
- Data does not reflect current listings or ask prices.
Conclusion
The market trend indicates stable activity in home sales with a consistent average price range. With a balanced pace of sales, prospective buyers may find varied options depending on the segment.