Morris County, NJ Real Estate & Property Data

Morris County Real Estate Market Trends
Last Updated: April 26, 2024

With up-to-date real estate data get detailed insight into Morris County, NJ sourced from the nation’s leading property data provider. The current median home price in Morris County, NJ is $615,000. Morris County real estate data shows that there have been a total of 5,932 residential properties sold over the past 12 months. ATTOM’s Morris County real estate data indicates that the county has 47 properties in foreclosure and 1 REOs (real estate bank owned) properties.

Morris County Real Estate Market Trends
Total Residential Properties 154,656
Total Commercial Properties 6,586
Avg. Home Age (Single Family Home) 57 Years
Avg. Square Feet (Single Family Home) 2,198
Total 2024 Residential Sales (year-to-date) 694
% of Homes Seriously Underwater (Q2 2024) 0.62%
Total 2023 Residential Sales 5,633
% of Equity Rich Homes (Q2 2024) 46.22%
Effective 2023 Property Tax 1.59%
Total Foreclosure Filings (year-to-date) 99
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Morris County, NJ Real Estate Overview

There were 5,932 residential properties sold in the past year in Morris County, NJ. The median home value in Morris County, NJ is $613,400. There are a total of 154,656 residential properties in the Morris.

Median Sales Price i
$615,000
(Feb 2024)
+2.5%
year-over-year
y-o-y
  • February '24 Feb '24 $615,000
  • January '24 Jan '24 $598,000
  • December '23 Dec '23 $599,000
  • November '23 Nov '23 $605,000
  • October '23 Oct '23 $620,000
  • September '23 Sep '23 $627,500
  • August '23 Aug '23 $675,000
  • July '23 Jul '23 $635,000
  • June '23 Jun '23 $604,450
  • May '23 May '23 $580,000
  • April '23 Apr '23 $517,500
  • March '23 Mar '23 $547,000
Median Down Payment i
$127,000
(Feb 2024)
+3.3%
year-over-year
y-o-y
  • February '24 Feb '24 $127,000
  • January '24 Jan '24 $129,000
  • December '23 Dec '23 $126,000
  • November '23 Nov '23 $103,350
  • October '23 Oct '23 $132,500
  • September '23 Sep '23 $130,000
  • August '23 Aug '23 $139,375
  • July '23 Jul '23 $142,000
  • June '23 Jun '23 $115,000
  • May '23 May '23 $115,300
  • April '23 Apr '23 $103,000
  • March '23 Mar '23 $95,000
Number of Homes Sold i
309
(Feb 2024)
+2.7%
year-over-year
y-o-y
  • February '24 Feb '24 309
  • January '24 Jan '24 385
  • December '23 Dec '23 393
  • November '23 Nov '23 423
  • October '23 Oct '23 552
  • September '23 Sep '23 527
  • August '23 Aug '23 625
  • July '23 Jul '23 603
  • June '23 Jun '23 561
  • May '23 May '23 500
  • April '23 Apr '23 292
  • March '23 Mar '23 461
Number of Purchase Loans i
239
(Feb 2024)
+6.2%
year-over-year
y-o-y
  • February '24 Feb '24 239
  • January '24 Jan '24 304
  • December '23 Dec '23 302
  • November '23 Nov '23 299
  • October '23 Oct '23 409
  • September '23 Sep '23 415
  • August '23 Aug '23 487
  • July '23 Jul '23 444
  • June '23 Jun '23 432
  • May '23 May '23 378
  • April '23 Apr '23 226
  • March '23 Mar '23 347
Number of REFI Loans i
186
(Feb 2024)
+28.3%
year-over-year
y-o-y
  • February '24 Feb '24 186
  • January '24 Jan '24 191
  • December '23 Dec '23 186
  • November '23 Nov '23 186
  • October '23 Oct '23 200
  • September '23 Sep '23 203
  • August '23 Aug '23 257
  • July '23 Jul '23 180
  • June '23 Jun '23 201
  • May '23 May '23 202
  • April '23 Apr '23 160
  • March '23 Mar '23 197
Number of HELOC Loans i
167
(Feb 2024)
-20.1%
year-over-year
y-o-y
  • February '24 Feb '24 167
  • January '24 Jan '24 180
  • December '23 Dec '23 156
  • November '23 Nov '23 171
  • October '23 Oct '23 216
  • September '23 Sep '23 171
  • August '23 Aug '23 225
  • July '23 Jul '23 185
  • June '23 Jun '23 230
  • May '23 May '23 232
  • April '23 Apr '23 173
  • March '23 Mar '23 268

Morris County, NJ Real Estate Market Overview

Last 30 days
  • City
    Median Est. Value
  • City
    Median Est. Value
  • City
    Median Est. Value

Morris County, NJ Foreclosure Activity

There were a total of 47 Morris County, NJ properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 29 Morris County, NJ properties and repossessed 1 Morris County, NJ properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
47
(Feb 2024)
-11.3%
year-over-year
y-o-y
  • February '24 Feb '24 47
  • January '24 Jan '24 52
  • December '23 Dec '23 38
  • November '23 Nov '23 49
  • October '23 Oct '23 49
  • September '23 Sep '23 45
  • August '23 Aug '23 56
  • July '23 Jul '23 58
  • June '23 Jun '23 61
  • May '23 May '23 66
  • April '23 Apr '23 50
  • March '23 Mar '23 66
Foreclosure Starts i
29
(Feb 2024)
-23.7%
year-over-year
y-o-y
  • February '24 Feb '24 29
  • January '24 Jan '24 39
  • December '23 Dec '23 21
  • November '23 Nov '23 37
  • October '23 Oct '23 20
  • September '23 Sep '23 33
  • August '23 Aug '23 32
  • July '23 Jul '23 37
  • June '23 Jun '23 41
  • May '23 May '23 45
  • April '23 Apr '23 33
  • March '23 Mar '23 41
Completed Foreclosures (REOs) i
1
(Feb 2024)
-87.5%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 6
  • December '23 Dec '23 2
  • November '23 Nov '23 3
  • October '23 Oct '23 9
  • September '23 Sep '23 5
  • August '23 Aug '23 8
  • July '23 Jul '23 3
  • June '23 Jun '23 5
  • May '23 May '23 11
  • April '23 Apr '23 6
  • March '23 Mar '23 3
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