• Morristown Market Report

    $331,463

    AVERAGE PRICE OF 257 HOMES

    $162,450

    AVERAGE PRICE OF 2 DISTRESSED HOMES

    $1,205,000

    AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

    $337,285

    AVERAGE PRICE OF 118 NEWLY BUILT HOMES

    $563,706

    AVERAGE PRICE OF 8 HOMES WITH A POOL

    $250,228

    AVERAGE PRICE OF 7 REDUCED PRICE HOMES

    Average Home

    Average Price $331,463
    Avg Bedrooms 3.26 beds
    Avg Bathrooms 2.41 baths

    Average Price by Bedrooms

    2 bedrooms $228,338
    3 bedrooms $278,386
    4 bedrooms $419,315
    5 bedrooms $418,761
    Morristown Home Price Trends
      12/2022 11/2022 10/2022 9/2022 8/2022
    Total Listings 295 316 289 300 297
    Average Price $343,892 $355,337 $356,092 $357,679 $356,503
    Avg Price Change -3.33% -0.21% -0.45% +0.33% +3.34%
    Median Price $303,873 $307,711 $305,823 $304,958 $302,990
    Med Price Change -1.26% +0.62% +0.28% +0.65% +1.52%
    Avg Bedrooms 3.45 beds 3.43 beds 3.32 beds 3.28 beds 3.42 beds
    Avg Bathrooms 2.55 baths 2.7 baths 2.78 baths 2.75 baths 2.69 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    East 52 $333,652 126 days
    Morristown East 8 $325,550 82 days
    Morristown West 13 $474,730 101 days
    Other 1 $154,900 90 days
    West 24 $375,800 109 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 257 $331,463 82 days
    Distressed Homes 2 $162,450 29 days
    Multi-Million Dollar Homes 3 $1,205,000 98 days
    Newly Built Homes 118 $337,285 86 days
    Homes with a Pool 8 $563,706 100 days
    Reduced Price Homes 7 $250,228 58 days