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MORRISTOWN, NJ 07960

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The MORRISTOWN, NJ real estate market (07960) currently shows 59 active listings, with 30 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 31 days on market compared to 25 days last year.

The median listing price has fallen 10.3% year-over-year, from $899,725 to $807,450.

Whether you are buying or selling in MORRISTOWN, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 46,560  ·  Density: 519.3/mi²  ·  Median household income: $146,024

Typical home value: $678,232  ·  Homeownership: 62.5%

Market Overview

Active Listings
59
⇩ 20.3% vs 74 last year
Pending
30
51% pending ratio
Median Price
$807,450
⇩ 10.3% vs $899,725 last year
Average Price
$1,225,456
⇩ 9.5% vs $1,353,478 last year
Days on Market
31
⇧ 24% vs 25 days last year

Price Per Square Foot

Median $/sqft
$408
⇧ 10.3% vs $370/sqft last year
Median Home Size
2,007 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 59 this year vs 74 last year
  • Days on market: 31 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $807,450 (-10.3% YoY)
  • Average: $1,225,456 (-9.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.4 miles — 248 listings ($317,986,998 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07960Morristown, NJ 079600.0 mi58$75,179,194$899,999$1,296,193
07935Green Village, NJ 079354.0 mi1$2,550,000$2,550,000$2,550,000
07950Morris Plains, NJ 079504.3 mi31$17,190,616$615,450$554,536
07981Whippany, NJ 079814.9 mi9$7,881,003$817,000$875,667
07932Florham Park, NJ 079325.6 mi20$35,165,460$1,300,000$1,758,273
07869Randolph, NJ 078696.0 mi29$27,287,028$782,515$940,932
07924Bernardsville, NJ 079246.2 mi22$65,224,984$1,870,000$2,964,772
07054Parsippany, NJ 070547.0 mi23$18,420,148$725,000$800,876
07936East Hanover, NJ 079367.4 mi15$13,562,130$829,000$904,142
07980Stirling, NJ 079807.5 mi3$2,315,850$771,950$771,950
07974New Providence, NJ 079747.8 mi12$16,739,700$1,550,000$1,394,975
07803Mine Hill, NJ 078038.4 mi6$1,679,700$279,950$279,950
07901Summit, NJ 079018.4 mi19$34,791,185$1,300,000$1,831,115

Frequently Asked Questions

How many homes are for sale in MORRISTOWN, NJ 07960?

As of February 2026, there are 59 active listings in MORRISTOWN, NJ (zip code 07960), compared to 74 the prior year.

What is the median home price in MORRISTOWN, NJ 07960?

The median listing price in MORRISTOWN, NJ 07960 is $807,450 as of February 2026, a 10.3% decrease from $899,725 the prior year.

How long do homes stay on the market in MORRISTOWN, NJ?

Homes in MORRISTOWN, NJ 07960 spend an average of 31 days on the market before going under contract, compared to 25 days the prior year.

Is it a seller's or buyer's market in MORRISTOWN, NJ 07960?

Based on current inventory and days-on-market data as of February 2026, MORRISTOWN, NJ 07960 is currently a Balanced Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 31 days on market compared to 25 days last year.

How much can I save on real estate commission in MORRISTOWN, NJ?

With SELL123.com's maximum 3% commission, sellers in MORRISTOWN, NJ 07960 save an estimated $16,149 compared to a typical 5% commission on the median listing price of $807,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.