Real Estate Market Trends Report for Morris County, NJ – August 2026

Current Market Overview: August 2026 Analysis

If you live in Morris County—or you’re thinking about moving here—August’s numbers tell a clear story. Homes are still in demand. Buyers are still paying up. And there still aren’t enough houses for sale to call this a “buyer’s market.”

The figures below come from Realtors Property Resource (RPR) and cover single-family homes, condos, townhouses, and apartments.

Morris County Residential Market Trends - Realtors Property Resource - August 2026

What August Looked Like in Morris County

The typical home that sold in August went for $781,000. That’s about 4% higher than July’s median. One month doesn’t rewrite the whole market—the mix of homes that closed always shifts the number—but it’s a reminder that priced-right houses are still drawing strong interest.

How much over asking? On average, closed sales came in at 104.4% of the list price. In everyday terms: if a home was listed at $700,000, a “typical” sale landed closer to $731,000. That cushion cooled a little from July, but buyers were not getting bargains on average.

How fast? The median home spent 16 days in RPR before going under contract—same pace as July. Two weeks from listing to accepted offer is still quick. If you’re shopping and need a long stretch to decide, the house you like may already have an offer before you’re ready.

How much choice? Morris had about 2.17 months of inventory. A balanced market usually needs four to six months. So sellers still have the edge, even though there’s more to look at than there was a year ago (inventory is up about a third year over year). Fewer homes came on the market in August—525 new listings, down nearly 10% from July—which is a common late-summer slowdown, not a flood of leftover houses.

Fresh listings asked about $675,000 at the median. Homes still sitting at month’s end were closer to $699,000. What actually closed ran higher than both. That’s why pricing to recent solds in your town beats chasing last month’s county headline.

RPR’s modeled “typical” value for the county sat near $745,150—basically flat from July, and up about 4% over the past year. Think of that as the longer trend line under the month-to-month noise.

If You’re Selling

You still have a strong position—as long as the house is ready to show and the asking price matches what’s actually selling nearby. Stretching too far past the comps is how a listing sits while better-priced homes go pending. Talk through recent solds with your agent before you pick a number, keep showings easy, and have inspection-friendly details ready (especially on older homes with well, septic, or oil heat).

If You’re Buying

Plan on competing. Get your mortgage approval in place before you tour, and be ready to move when the right house shows up. A little more inventory than last summer does not mean sellers will take a low offer on a move-in ready home. Homes with first-floor primary suites, easier I-80 or train access, and usable yard space in western Morris still tend to draw attention fast.

Wondering about a specific town—Rockaway, Denville, Roxbury, Mount Olive, or somewhere else? Ask us for a comparative market analysis on the property you’re weighing. County averages are a starting point; your street can tell a different story.

Looking Ahead

Heading into early fall, Morris still favors sellers. New listings often thin out after back-to-school, and well-presented homes that are priced correctly for the neighborhood should keep finding buyers. Homes that need work—or that ask for last spring’s dream price—may take longer. If you’re selling, preparation and realistic pricing matter more than ever. If you’re buying, patience and readiness still beat waiting for a deep discount that August’s numbers don’t support.

Ready to Talk About Your Next Move?

Whether you’re listing, buying, or just curious what price your home might bring, Countryside Homes NJ and RE/MAX Town & Valley are here to walk you through it. Reach out anytime—we’ll help you understand how August’s real estate market trends impact the towns and streets you care about.

Plant your roots and grow your dreams with the Countryside Team.

Equal Housing Opportunity. All buyers and sellers are welcome. Figures are from Realtors Property Resource, LLC, August 2026 Market Trends for Morris County, NJ (Single-Family Homes, Condos, Townhouses, and Apartments). Information is not guaranteed and is not an appraisal. Always verify current conditions for a specific property.

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.

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Donna Buyer

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Mike Buyer

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Darren D. Buyer

Keith was absolutely amazing throughout the entire process. The most important thing he did was to listen. He listened to every detail my wife and I talked about in finding the perfect home. He found the home that fit the needs of each family member. He knew what the town offered, He was aware of local ordinances and rules, He was there for us every moment of the day. I highly recommend contacting Keith and his team for your next home purchase.

Steve P. Buyer

As an attorney I have worked with many Real Estate agents over many years. Recently I attempted to purchase a home where Keith represented the Seller and had another transaction where Keith represented my daughter in the purchase of a home. He is , quite simply, the best. Keith is a person of complete integrity; knowledgeable, creative, responsive and easy to work with. I cannot recommend him highly enough.

Kaitlyn B. Buyer

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