Real Estate Market Update for Morris County, NJ
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 27% from one year earlier, and up 3% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 530-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 1%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 380-thousand dollars. The number of units sold decreased 4% year-over-year, and decreased 12% 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: 503,892
  • Median Age: 43.17 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 1,095/sq mi
  • Population Change Since 2000: 7.15%
  • Closest Airport: Newark Liberty International
  • Closest College: Rabbinical College Of America
  • Closest Jr. College: County College Of Morris
  • Median Household Income: $104,683
  • Annual Residential Turnover: 7%
  • Median Home Sales Price: $430,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 37.5%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Morris County, NJ
Median Age: 43.17 Married: 47% Number of Households: 185,452 Households with Children: 59,817
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 0.8 mi Public K-5 4 0
      Randolph High School 1.4 mi Public 9-12 4 0
      Randolph Middle School 1.4 mi Public 6-8 4 0
      Center Grove Elementary School 1.8 mi Public PRESCHOOL-5 4 0
      Harding Township 2.6 mi Public PRESCHOOL-8 5 0
      Mendham Township Middle School 2.7 mi Public 5-8 5 0
      Borough School 3.2 mi Public 3-8 5 0
      Alfred Vail Elementary School 3.3 mi Public K-2 0 0
      Delbarton School 3.3 mi Private 7-12 0 0
      The Red Oaks School 3.5 mi Private PRESCHOOL-4 0 0
      Mendham Township Elementary School 3.5 mi Public PRESCHOOL-4 5 0
      Morris Knolls High School 3.6 mi Public 9-12 4 0
      Academy For Math, Science & Engineering 3.6 mi Public 9-12 5 0
      Morris Hills High School 3.6 mi Public 9-12 3 0
      Morristown High School 3.7 mi Public 9-12 3 0
      Mount Tabor School 4.0 mi Public K-5 4 0
      Villa Walsh Academy 4.1 mi Private 7-12 0 0
      Morris Co School Of Tech 4.2 mi Public 9-12 5 0
      Canfield Avenue Elementary School 4.3 mi Public PRESCHOOL-6 3 0
      Dover High School 4.3 mi Public 9-12 2 0
      Littleton Elementary School 4.4 mi Public K-5 4 0
      Unity Charter School 4.5 mi Public K-8 3 0
      Parsippany Hills High School 4.7 mi Public 9-12 4 0
      Parsippany Christian School 4.8 mi Private PRESCHOOL-12 0 0
      Brooklawn Middle School 4.9 mi Public 6-8 4 0
      West Morris Mendham High School 5.0 mi Public 9-12 5 0
      St Mary's Prep 5.0 mi Catholic PRESCHOOL-8 0 0
      Riverview Elementary School 5.1 mi Public K-5 5 0
      Mountain View Middle School 5.1 mi Public 5-8 4 0
      Morris Catholic High School 5.2 mi Catholic 9-12 0 0
      Eisenhower Middle School 5.3 mi Public 7-8 4 0
      The Morristown-beard School 5.3 mi Private 6-12 0 0
      St Joseph Elementary School 5.4 mi Catholic PRESCHOOL-8 0 0
      Hilltop School 5.4 mi Public PRESCHOOL-4 4 0
      Lake Parsippany Elementary School 5.4 mi Public K-5 4 0
      Roxbury High School 5.8 mi Public 9-12 3 0
      Catherine A. Dwyer Elementary School 5.9 mi Public PRESCHOOL-5 4 0
      Eastlake Elementary School 6.0 mi Public PRESCHOOL-5 4 0
      Whippany Park High School 6.1 mi Public 9-12 4 0
      Craig School - Lower And Middle School 6.2 mi Private 2-8 0 0
      American Christian School 6.4 mi Private PRESCHOOL-12 0 0
      Academy Of Saint Elizabeth 6.6 mi Catholic 9-12 0 0
      Memorial Junior Middle School 6.7 mi Public 6-8 4 0
      Briarcliff Elementary School 6.7 mi Public 6-8 5 0
      Jefferson Elementary 6.8 mi Public PRESCHOOL-4 4 0
      Wildwood Elementary School 6.8 mi Public K-5 5 0
      Academy For Biotechnology 7.1 mi Public 9-12 5 0
      Mountain Lakes High School 7.1 mi Public 9-12 4 0
      Central Middle School 7.3 mi Public 6-8 4 0
      Mt Arlington Public School 7.5 mi Public 3-8 4 0
      Troy Hills Elementary School 7.7 mi Public K-5 4 0
      Northvail Elementary School 7.7 mi Public K-5 5 0
      Parsippany High School 7.9 mi Public 9-12 4 0
      Sage Day At Boonton 8.1 mi Private 8-12 0 0
      Knollwood Elementary School 8.1 mi Public K-5 4 0
      Torey J. Sabatini Elementary School 8.1 mi Public K-5 5 0
      St Vincent Martyr School 8.3 mi Catholic PRESCHOOL-8 0 0
      Boonton High School 8.3 mi Public 9-12 3 0
      Ridgedale Middle School 8.4 mi Public 6-8 5 0
      Madison High School 8.4 mi Public 9-12 4 0
      Lake Hiawatha School 8.5 mi Public PRESCHOOL-5 4 0
      Central Avenue Elementary School 8.5 mi Public PRESCHOOL-5 4 0
      Mountain View Elementary School 8.6 mi Public PRESCHOOL-5 4 0
      Madison Jr High School 8.9 mi Public 6-8 5 0
      Hanover Park High School 9.0 mi Public 9-12 4 0
      Mt olive High School 9.1 mi Public 9-12 4 0
      Tinc Road Elementary School 9.6 mi Public K-5 4 0
      East Hanover Middle School 9.7 mi Public 6-8 4 0
      The Trinity Christian School Of Montville 9.8 mi Private K-12 0 0
      Southern Boulvard School 10.0 mi Public K-3 5 0
      Robert R Lazar Middle School 10.0 mi Public 6-8 5 0
      Chester M Stephens School 10.0 mi Public K-5 3 0
      Chatham Middle School 10.0 mi Public 6-8 5 0
      Montville Township High School 10.0 mi Public 9-12 4 0
      William H Mason Jr Elementary School 10.1 mi Public K-5 5 0
      Hilldale Elementary School 10.1 mi Public K-5 5 0
      West Morris Central High School 10.2 mi Public 9-12 5 0
      Chatham High School 10.2 mi Public 9-12 4 0
      Woodmont Elementary School 10.3 mi Public K-5 5 0
      Milton Avenue Elementary School 10.4 mi Public PRESCHOOL-3 5 0
      St. Patrick School 10.5 mi Catholic PRESCHOOL-8 0 0
      Washington Avenue Elementary School 10.5 mi Public K-3 5 0
      Valley View Elementary School 10.7 mi Public K-5 5 0
      Mt Olive Middle School 11.0 mi Public 6-8 4 0
      Central Middle School 11.3 mi Public 6-8 4 0
      Millington Elementary School 11.4 mi Public 2-5 4 0
      Cedar Hill Elementary School 11.6 mi Public K-5 4 0
      Old Farmers Road Elementary School 12.6 mi Public K-5 4 0
      Long Valley Middle School 13.4 mi Public 6-8 5 0
      Stonybrook Elementary School 13.5 mi Public K-5 5 0
      Flocktown kossman Elementary School 14.0 mi Public PRESCHOOL-5 3 0
      Kinnelon High School 14.1 mi Public 9-12 4 0
      Stephen J. Gerace Elementary School 14.7 mi Public K-5 4 0
      Pequannock Township High School 14.9 mi Public 9-12 4 0
      Hillview Elementary School 15.0 mi Public K-5 5 0
      Holy Spirit School 15.1 mi Catholic PRESCHOOL-8 0 0
      Academy For Law And Public Safety 15.2 mi Public 9-12 0 0
      Butler High School 15.2 mi Public 9-12 4 0
      Pequannock Valley Middle School 15.3 mi Public 6-8 4 0
      North Boulevard Elementary School 15.5 mi Public PRESCHOOL-5 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.
      Local Weather for Morris County, NJ
        Data powered by Attom Data Solutions. Copyright© 2020. Information 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.