Morristown, NJ—07960
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$918,000
5.7% YoY Growth
Household Income
$149,000
26.0% YoY Growth
Days on Market
18
21.0% Shorter YoY
Home Price Forecast
2.5%
Median Rent
$3,250
1.1% YoY Growth
1-Bed Rent
$2,470
13.9% YoY Growth
2-Bed Rent
$3,400
7.1% YoY Growth
3-Bed Rent
$4,000
5.9% YoY Growth
Home Price Trends — Morristown, NJ
As of May '26, the median home price in Morristown, NJ is $918,000, with a year-over-year change of 5.7%. This indicates that home prices in Morristown, NJ are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $918,000 | 5.7% |
| Single Family | $972,000 | 6.1% |
| Condos | $592,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |