Real Estate Market Update for Morris County, NJ
Welcome to November's Market Update. Lets take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 37% from one year earlier, and down 10% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 6%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 390-thousand dollars. The number of units sold decreased 7% year-over-year, and decreased 6% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Morris County, NJ
Area Information for Morris County, NJ
  • Population: 499,435
  • Median Age: 42.82 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 1,085/sq mi
  • Population Change Since 2000: 6.21%
  • Closest Airport: Newark Liberty International
  • Closest College: Rabbinical College Of America
  • Closest Jr. College: County College Of Morris
  • Median Household Income: $99,912
  • Annual Residential Turnover: 7%
  • Median Home Sales Price: $397,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 31.19%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Morris County, NJ
Median Age: 42.82 Married: 47% Number of Households: 183,608 Households with Children: 61,162
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Morris County, NJ

      School Name Distance Type Grades School Rating Parent Rating
      Shongum Elementary School 0.4 mi Public K-5 5 0
      Center Grove Elementary School 1.2 mi Public PRESCHOOL-5 4 0
      Randolph Middle School 1.2 mi Public 6-8 4 0
      Randolph High School 1.3 mi Public 9-12 4 4
      Mendham Township Middle School 2.2 mi Public 5-8 5 0
      Fernbrook Elementary School 2.3 mi Public K-5 4 0
      Mendham Township Elementary School 2.9 mi Public PRESCHOOL-4 5 0
      Ironia Elementary School 3.1 mi Public K-5 4 0
      Delbarton School 3.2 mi Private 7-12 0 0
      Harding Township 3.3 mi Public PRESCHOOL-8 5 0
      Borough School 3.9 mi Public 3-8 5 0
      Canfield Avenue Elementary School 4.0 mi Public PRESCHOOL-6 3 4
      Academy For Math, Science & Engineering 4.2 mi Public 9-12 5 4
      Morris Hills High School 4.2 mi Public 9-12 4 3
      Morristown High School 4.2 mi Public 9-12 1 3
      Villa Walsh Academy 4.2 mi Private 7-12 0 4
      West Morris Mendham High School 4.2 mi Public 9-12 4 4
      Morris Knolls High School 4.3 mi Public 9-12 3 4
      Mountain View Middle School 4.4 mi Public 5-8 4 0
      Dover High School 4.5 mi Public 9-12 3 3
      St Joseph Elementary School 4.7 mi Catholic PRESCHOOL-8 0 0
      Hilltop School 4.7 mi Public PRESCHOOL-4 5 0
      Eisenhower Middle School 4.7 mi Public 7-8 4 3
      Mount Tabor School 4.9 mi Public K-5 4 0
      Morris Co School Of Tech 5.0 mi Public 9-12 5 3
      Mountview Road Elementary School 5.0 mi Public K-5 4 0
      Unity Charter School 5.1 mi Public K-8 4 0
      Roxbury High School 5.2 mi Public 9-12 3 4
      Littleton Elementary School 5.2 mi Public PRESCHOOL-5 4 0
      Parsippany Hills High School 5.5 mi Public 9-12 4 4
      Parsippany Christian School 5.6 mi Private PRESCHOOL-12 0 0
      American Christian School 5.7 mi Private PRESCHOOL-12 0 0
      Brooklawn Middle School 5.7 mi Public 6-8 5 0
      The Morristown-beard School 5.9 mi Private 6-12 0 0
      Morris Catholic High School 6.0 mi Catholic 9-12 0 0
      Copeland Middle School 6.2 mi Public 6-8 3 3
      Catherine A. Dwyer Elementary School 6.3 mi Public PRESCHOOL-5 4 0
      Whippany Park High School 6.8 mi Public 9-12 3 4
      Academy Of Saint Elizabeth 7.0 mi Catholic 9-12 0 0
      Mt Arlington Public School 7.3 mi Public 3-8 4 0
      Memorial Junior Middle School 7.5 mi Public 6-8 4 0
      Briarcliff Elementary School 7.6 mi Public 6-8 5 0
      Wildwood Elementary School 7.7 mi Public K-5 5 0
      Intervale Elementary School 7.7 mi Public K-5 4 0
      Mountain View Elementary School 7.8 mi Public PRESCHOOL-5 4 0
      Mountain Lakes High School 8.0 mi Public 9-12 5 4
      Central Middle School 8.1 mi Public 6-8 5 0
      Mt olive High School 8.4 mi Public 9-12 4 3
      Chatham Day School 8.5 mi Private PRESCHOOL-8 0 0
      Torey J. Sabatini Elementary School 8.5 mi Public K-5 4 0
      Troy Hills Elementary School 8.5 mi Public K-5 4 0
      Northvail Elementary School 8.6 mi Public K-5 5 0
      St Vincent Martyr School 8.7 mi Catholic PRESCHOOL-8 0 0
      Parsippany High School 8.8 mi Public 9-12 4 3
      Tinc Road Elementary School 8.8 mi Public K-5 5 0
      Madison High School 8.8 mi Public 9-12 4 4
      Ridgedale Middle School 8.9 mi Public 6-8 4 0
      Sage Day At Boonton 8.9 mi Private 8-12 0 0
      Rockaway Valley Elementary School 9.1 mi Public PRESCHOOL-8 5 0
      Boonton High School 9.2 mi Public 9-12 2 3
      Madison Jr High School 9.3 mi Public 6-8 5 4
      Chester M Stephens School 9.3 mi Public K-5 4 0
      West Morris Central High School 9.4 mi Public 9-12 5 4
      Hanover Park High School 9.7 mi Public 9-12 1 4
      Kings Road Elementary School 9.8 mi Public K-5 4 0
      St Rose Of Lima Academy 9.8 mi Catholic PRESCHOOL-8 0 0
      Brooklake Elementary School 9.8 mi Public 3-5 4 0
      Rockaway Meadow Elementary School 10.0 mi Public K-5 4 0
      Mt Olive Middle School 10.2 mi Public 6-8 4 0
      Southern Boulvard School 10.3 mi Public K-3 5 0
      Chatham High School 10.6 mi Public 9-12 4 4
      The Trinity Christian School Of Montville 10.7 mi Private K-12 0 0
      St. Patrick School 10.9 mi Catholic PRESCHOOL-8 0 0
      Robert R Lazar Middle School 10.9 mi Public 6-8 4 0
      Milton Avenue Elementary School 10.9 mi Public PRESCHOOL-3 5 0
      Washington Avenue Elementary School 10.9 mi Public K-3 5 0
      William H Mason Jr Elementary School 10.9 mi Public K-5 4 0
      Montville Township High School 10.9 mi Public 9-12 3 4
      Hilldale Elementary School 11.0 mi Public K-5 5 0
      Central Middle School 11.1 mi Public 6-8 4 0
      Woodmont Elementary School 11.2 mi Public K-5 4 0
      Millington Elementary School 11.2 mi Public 2-5 4 0
      Valley View Elementary School 11.6 mi Public K-5 4 0
      Old Farmers Road Elementary School 11.8 mi Public K-5 5 0
      Sandshore Road Elementary School 11.9 mi Public K-5 4 0
      Cedar Hill Elementary School 12.5 mi Public K-5 4 0
      Long Valley Middle School 12.6 mi Public 6-8 5 0
      Flocktown kossman Elementary School 13.2 mi Public PRESCHOOL-5 4 5
      Stonybrook Elementary School 14.3 mi Public K-5 4 5
      Pearl R Miller Middle School 14.6 mi Public 6-8 5 0
      Kinnelon High School 14.9 mi Public 9-12 5 4
      Lincoln Park Elementary School 14.9 mi Public PRESCHOOL-4 4 0
      Lincoln Park Middle School 15.2 mi Public 5-8 5 0
      Pequannock Township High School 15.7 mi Public 9-12 3 3
      Hillview Elementary School 15.9 mi Public K-5 5 0
      Academy For Law And Public Safety 16.0 mi Public 9-12 5 0
      Butler High School 16.0 mi Public 9-12 4 3
      Pequannock Valley Middle School 16.2 mi Public 6-8 4 0
      North Boulevard Elementary School 16.4 mi Public PRESCHOOL-5 4 0
      Riverdale Public Elementary School 17.2 mi Public PRESCHOOL-8 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Morris County, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.