Morristown Market Report
$366,526
AVERAGE PRICE OF 327 HOMES$407,495
AVERAGE PRICE OF 2 DISTRESSED HOMES$1,966,239
AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES$385,557
AVERAGE PRICE OF 53 NEWLY BUILT HOMES$600,155
AVERAGE PRICE OF 9 HOMES WITH A POOL$421,921
AVERAGE PRICE OF 14 REDUCED PRICE HOMESAverage Home
| Average Price | $366,526 |
| Avg Bedrooms | 1.7 beds |
| Avg Bathrooms | 1.35 baths |
Average Price by Bedrooms
| 1 bedroom | $329,900 |
| 2 bedrooms | $215,069 |
| 3 bedrooms | $356,811 |
| 4 bedrooms | $454,900 |
| 5 bedrooms | $501,557 |
Morristown Home Price Trends
| 1/2025 | 12/2024 | 11/2024 | 10/2024 | 9/2024 | |
|---|---|---|---|---|---|
| Total Listings | 430 | 462 | 486 | 502 | 534 |
| Average Price | $357,089 | $331,851 | $330,433 | $345,643 | $354,037 |
| Avg Price Change | +7.61% | +0.43% | -4.60% | -2.43% | +0.59% |
| Median Price | $280,549 | $263,673 | $257,817 | $269,360 | $276,794 |
| Med Price Change | +6.40% | +2.27% | -4.48% | -2.76% | +2.07% |
| Avg Bedrooms | 1.78 beds | 1.76 beds | 1.72 beds | 1.73 beds | 1.89 beds |
| Avg Bathrooms | 1.38 baths | 1.33 baths | 1.3 baths | 1.37 baths | 1.51 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Morristown East | 14 | $330,871 | 166 days |
| West | 63 | $374,267 | 147 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 327 | $366,526 | 149 days |
| Distressed Homes | 2 | $407,495 | 23 days |
| Multi-Million Dollar Homes | 14 | $1,966,239 | 182 days |
| Newly Built Homes | 53 | $385,557 | 87 days |
| Homes with a Pool | 9 | $600,155 | 63 days |
| Reduced Price Homes | 14 | $421,921 | 193 days |
