Morristown, NJ Housing Market 2026: Median Home Price, Last 12 Months

In a market the size of Morristown, individual sales move the needle. The figures below rest on 142 tracked closings over the last 12 months, so read them as the direction of the market rather than a precise price for any one street.

The snapshot

• •Closings tracked, last 12 months: 142
• •Median sold price, last 12 months: $683,000 (low-volume sample)
• •Median sold $/sqft, last 12 months: $416
• •Middle half of sales closed between: $525,000 and $850,000

What the numbers say

Resideline tracked 142 closed sales in Morristown over the last 12 months, with a median closing price of $683,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $525,000 and $850,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. Across the 108 closings with usable living area, the middle half sold between $336 and $509 per square foot.

Figures last updated August 22, 2026 from closings Resideline tracked.

Median home price in Morristown, NJ (August 2026)

The median home price in Morristown is $683,000, measured across the 142 closed sales Resideline tracked over the last 12 months. The middle half of those sales closed between $525,000 and $850,000.

Where Morristown sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Morristown over the last 12 months, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $525,000 and $850,000. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 17 days, across 104 Morristown closings Resideline tracked in the last 12 months
• •Contract to closing: a median of 41 days, across 98 Morristown closings Resideline tracked in the last 12 months

The Morristown angle

Anyone valuing a Morristown property should start with the band rather than the midpoint. More of the range sits above $683,000 than below it, which means a comp set leaning on cheaper closings biases an estimate downward for a property that belongs higher, and the size of that bias grows the further up the band the subject sits. That check catches more errors here than adding another comp does.

From market read to offer price

A thin market punishes generic pricing; the way to firm up a number here is the specific property and its handful of true comps. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. As of August 2026, the public scoreboard showed 3.26% median error across 11,465+ graded closings. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Morristown address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Morristown, NJ
Data updated: August 2026
Analysis period: last 12 months
Tracked closings: 142
Median sold price: $683,000
Median sold $/sqft: $416 (108 qualifying)
https://resideline.com/blog/morristown-nj-housing-market

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records. This is a low-volume sample: treat the statistics as directional rather than precise estimates of the entire local market.

Every local market figure on this page is computed from closed sales Resideline tracked in Morristown over the last 12 months, and is refreshed when the data is. The closings we track inside the city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 18% of the 142 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $709,999. This is a low-volume market: the figures below rest on 142 closings inside the city limits, so treat the median as indicative rather than precise.