Real Estate Market Trends Report for Morris County, NJ – April 2025

Current Market Overview: April 2025 Analysis

Welcome to the latest update on the Morris County, New Jersey, residential real estate market from Countryside Homes NJ and RE/MAX Town & Valley! As your trusted local real estate experts, we’re diving deep into the April 2025 market trends for single-family homes, condos, townhouses, and apartments, as reported by the Realtors Property Resource (RPR). This comprehensive analysis will provide buyers, sellers, and investors with valuable insights into the current market dynamics, helping you make informed decisions in this vibrant and competitive market.

Morris County Residential Market Trends - Realtors Property Resource - April 2025

A Seller’s Market with Strong Demand

Morris County continues to be a seller’s market in April 2025, characterized by high demand and relatively low inventory. The median days on market, as reported by RPR, stood at 15 days, a 21.05% increase month-over-month (MoM). While this slight uptick suggests properties are taking a bit longer to sell compared to the previous month, 15 days is still indicative of a fast-moving market where well-priced homes are snapped up quickly. For sellers, this underscores the importance of strategic pricing and presentation to capitalize on buyer interest. For buyers, it highlights the need for preparedness and decisiveness when making offers.

Median Sold Prices Reach New Heights

The median sold price in Morris County for April 2025 was $700,000, reflecting a robust 7.19% MoM increase. This upward trend signals strong buyer demand and a willingness to pay premium prices for desirable properties. Compared to the broader New Jersey and national markets (as shown in the RPR data), Morris County’s median sold price is notably higher, underscoring the area’s appeal due to its proximity to New York City, excellent schools, and high quality of life.

However, it’s worth noting that the median sold price from public records was lower at $616,000, with a more modest 2.2% MoM increase. This discrepancy could be attributed to differences in data sources—RPR’s listings data may reflect higher-end properties or a different subset of sales compared to public records, which include a broader range of transactions. For buyers, this suggests opportunities may exist at slightly lower price points, particularly for those willing to explore a variety of property types.

Median Estimated Property Value: Steady Growth

The median estimated property value in Morris County for April 2025 was $689,810, showing no change MoM but an impressive 8.8% increase year-over-year (YoY). This steady appreciation reflects the long-term value of owning property in Morris County. For homeowners, this growth in equity is a positive sign, while for prospective buyers, it emphasizes the importance of entering the market sooner rather than later to benefit from future appreciation.

New Listings: Prices Align with Market Trends

In April 2025, the median list price for new listings was $699,900, up 2.4% MoM. This aligns closely with the median sold price, indicating that sellers are pricing their homes realistically to attract buyers in a competitive market. The slight increase in list prices suggests confidence in continued demand. For buyers, this means properties are likely to be priced at or near their market value, reducing the likelihood of significant negotiation room unless a property has been on the market longer than the median 15 days.

Pending Listings: Strong Activity Signals Robust Market

The new pending listings in April 2025 had a median list price of $650,000, up 0.5% MoM, with 448 properties going under contract, a significant 21.1% MoM increase. The median days in RPR for new pending listings was 16 days, up 6.7% MoM, and the median price per square foot was $361, a 7.4% MoM increase. The total dollar volume of new pending listings was $365,225,370, up 30.3% MoM, reflecting strong buyer activity and higher transaction values.

For all pending listings (including those from previous months), the median list price was $699,000, with 693 properties pending and a median days in RPR of 15 days. The median price per square foot was slightly lower at $351, and the total dollar volume reached $574,961,544, up 25.5% MoM. These figures highlight a robust pipeline of sales, with a significant number of properties moving toward closing. The slight difference in median list prices between new pending and all pending listings suggests that newer listings may be slightly more affordable, offering opportunities for buyers seeking value.

Sold Listings: High Prices and Quick Turnaround

For sold listings in April 2025, the median sold price matched the market trend at $700,000, with 336 properties sold, a 7.7% MoM increase. The median days in RPR was 11 days, a 10% MoM decrease, indicating that properties that sold in April moved even faster than the market average. The median price per square foot was $351, up 2.6% MoM, and the total dollar volume was $294,087,794, up 14% MoM. The median living area was 2,000 square feet, up 0.9% MoM.

These metrics paint a picture of a highly competitive market where properties are selling quickly and at strong prices. The decrease in days on market for sold listings compared to pending listings suggests that the most desirable properties are being snapped up almost immediately, often within two weeks of listing.

Key Takeaways for Buyers and Sellers

For Buyers:

Act Quickly: With a median days on market of 15 days and sold listings closing in as little as 11 days, buyers need to be prepared to make swift, competitive offers. Pre-approval for financing and a clear understanding of your budget are critical.
Explore All Options: The difference between the median sold price ($700,000) and public records price ($616,000) suggests opportunities to find value, particularly for condos or townhouses that may be priced lower than single-family homes.
Price Per Square Foot: With median prices per square foot ranging from $345 to $361, buyers can use this metric to compare properties and ensure they’re getting fair value for the size and condition of the home.

For Sellers:

Price Strategically: The alignment of median list prices ($699,900) and sold prices ($700,000) indicates that well-priced homes are selling at or near asking price. Work with a local expert to set a competitive price that attracts buyers without leaving money on the table.
Highlight Value: With median living areas around 2,000 square feet, emphasize features like spacious layouts, modern updates, or proximity to Morris County’s top amenities to stand out in a competitive market.
Capitalize on Demand: The 24% MoM increase in pending listings and 7.7% increase in sold properties show strong buyer interest. Staging and professional marketing can help your home sell quickly.

Looking Ahead

Morris County’s real estate market in April 2025 is thriving due to its unique blend of suburban charm, excellent schools, and easy access to New York City. The steady appreciation in property values (8.8% YoY) and high transaction volumes reflect a market that continues to attract families, professionals, and investors. Whether you’re looking to buy your dream home or sell your property at a premium, now is an excellent time to engage with the market.

Partner with Countryside Homes NJ

At Countryside Homes NJ and RE/MAX Town & Valley, we’re committed to helping you navigate the dynamic Morris County real estate market. Whether you’re a first-time buyer, a seasoned investor, or a seller looking to maximize your return, our team of local experts is here to guide you every step of the way. Contact us today to discuss your real estate goals and let us help you make the most of these market opportunities!

Data sourced from Realtors Property Resource (RPR), April 2025. All figures are for single-family homes, condos, townhouses, and apartments in Morris County, NJ.

Client Testimonials for Countryside Homes NJ

At Countryside Homes NJ and RE/MAX Town & Valley, we pride ourselves on delivering exceptional service to our clients. But don’t just take our word for it—read what our satisfied customers have to say. From first-time homebuyers to seasoned real estate investors and new home builders, our clients appreciate our dedication, expertise, and commitment to their success. Here are some of their stories.

David R. New Homeowner

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Rachel and Andre First Time Homebuyer

As first-time homebuyers, the process of finding and purchasing a home felt daunting. But from the moment we reached out to Heather and Keith at Countryside Homes NJ and RE/MAX Town & Valley, our worries were put to rest. Their team was incredibly patient, answering all our questions and guiding us through every step. They took the time to understand our needs and preferences, ensuring that we found the perfect home in a neighborhood we love. We were especially impressed by their vast knowledge of the local market and their commitment to ensuring we got the best deal possible. We can't thank them enough for making our dream of homeownership a reality. If you're in the market for a new home, we highly recommend Heather and Keith at Countryside Homes NJ and RE/MAX Town & Valley. They truly go above and beyond for their clients!

Prestia Family New Homeowners

From the moment we began our home search, Heather at Countryside Homes NJ and RE/MAX Town & Valley stood out as the epitome of professionalism and dedication. Her team's in-depth knowledge of the Rockaway Borough area and their unwavering commitment to our needs made our home buying journey not only smooth but truly enjoyable. As new homeowners in Rockaway Borough, NJ, we can confidently say that choosing Heather at Countryside Homes NJ and RE/MAX Town & Valley was the best decision we made. Her expertise, patience, and genuine care for our family's needs transformed what could have been a stressful process into a memorable and joyous occasion. We are beyond grateful for her support and would highly recommend her and her team to anyone looking to find their dream home. Thank you for turning our dreams into reality!

Donna Buyer

Keith takes you through every step of buying a home with ease. It helps tremendously that he has extensive knowledge about the inner workings of a home so he can tell you how it should be. From his top notch contacts to his tireless energy, Keith does his best to keep the transaction on track. Keith is genuinely happy to introduce you to your new home and neighborhood ensuring you'll fit right in. I have worked with many realtors along the way and none are as diligent, generous, and trustworthy as Keith. I am very grateful to have had Keith as my buyer's agent...every exchange should be as good.

Mike Buyer

Truly was a pleasure working with Keith and Heather, I could call them any time with any question or problem and they would respond immediately, if they didn't have an the answer or solution at hand, they would find a way to get it ASAP. Truly appreciate their efforts and attention. They truly understood what we were looking for. In many cases they were willing to go investigate the property on our behalf and we truly trusted their analysis and ability to understand exactly what we wanted and/or needed.