Morris County

Current Market Overview As of May 2024, Morris County, NJ, is experiencing a robust real estate market, leaning towards a seller’s market across various property types, including single-family homes, condos, townhouses, and apartments. Key Data Points Median Sold Price: There’s a noticeable increase, with the median sold price reaching $705,000, marking a 10.16% month-over-month growth. This indicates strong buyer demand and a competitive market. List to Sold Price Ratio: Properties are selling for 106.7% of their list price on average, slightly up by 0.97% from the previous month, suggesting that many homes are selling above their asking price. Median Days […]

Current Market Overview Morris County’s real estate market is showing significant strength and dynamism as we move further into 2024. The data indicates a robust seller’s market, characterized by quick sales and high demand. Key Data Points Median Sold Price: The median sold price for properties (including single-family homes, condos, townhomes, and apartments) is currently at $640,000, showing a 1.54% increase month-over-month. Days on Market: Properties are selling quickly, with the median number of days on the market standing at 14, a decrease of 6.67% from the previous month. Price per Square Foot: The average price per square foot has

Current Market Overview As of March 2024, Morris County’s residential real estate market is experiencing significant upward trends in prices and demand, categorizing it as a Seller’s market. The data indicates robust activity with rapid sales and increasing property values, suggesting a favorable environment for sellers. Key Data Points Median Sold Price: The median sold price for properties (SF + Condo/TH/Apt) in March 2024 was $650,000, marking an 11.11% increase from the previous month. Median Estimated Property Value: The median estimated value of properties slightly decreased by 0.3% from the previous month to $629,700, but has grown by 7.9% over