Market Update
Morris County
Q2 2026
Residential Property Snapshot
All | Q2 2026
Med. Sales Price
$751k
6% more than in
Q2 2025
Q2 2025
Avg. Days On Market
26
4% fewer than in
Q2 2025
Q2 2025
Closed Sales
1,253
4% more than in
Q2 2025
Q2 2025
Inventory
747
14% more than in
Q2 2025
Q2 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Townhomes & Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q2 '22 | $585k | $684k | 1663 |
| Q2 '23 | $600k | $700k | 1292 |
| Q2 '24 | $695k | $813k | 1245 |
| Q2 '25 | $711k | $853k | 1204 |
| Q2 '26 | $751k | $900k | 1253 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Townhomes & Condos
| Closed Under $500k | 17.0% |
|---|---|
| Q2 '26 | 213 |
| Q2 '25 | 234 |
| 1YR CHANGE | -9% |
| Closed $500k - $1m | 58.8% |
| Q2 '26 | 737 |
| Q2 '25 | 701 |
| 1YR CHANGE | +5% |
| Closed $1m - $2m | 19.2% |
| Q2 '26 | 240 |
| Q2 '25 | 217 |
| 1YR CHANGE | +11% |
| Closed Over $2m | 5.0% |
| Q2 '26 | 63 |
| Q2 '25 | 52 |
| 1YR CHANGE | +21% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Townhomes & Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q2 '22 | 25 | $585k |
| Q2 '23 | 28 | $600k |
| Q2 '24 | 24 | $695k |
| Q2 '25 | 27 | $711k |
| Q2 '26 | 26 | $751k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Townhomes & Condos
| Q2 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
14%
New Listings
New Listings represents the number of properties listed during the quarter.
17%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
7%
Closed Sales
4%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
-4%
Boonton & Boonton Township
Median
$731k
DOM
40
Sales
24
Inv
17
Chatham Borough
Median
$1.49m
DOM
22
Sales
29
Inv
7
Chatham Borough & Township
Median
$1.77m
DOM
20
Sales
78
Inv
29
Chatham Township
Median
$1.93m
DOM
19
Sales
49
Inv
21
Chester Borough
Median
$638k
DOM
24
Sales
6
Inv
1
Chester Borough & Township
Median
$1.1m
DOM
27
Sales
39
Inv
25
Chester Township
Median
$1.15m
DOM
27
Sales
33
Inv
24
Denville
Median
$688k
DOM
22
Sales
55
Inv
31
East Hanover Township
Median
$894k
DOM
30
Sales
22
Inv
17
Florham Park
Median
$930k
DOM
23
Sales
24
Inv
18
Hanover Township
Median
$750k
DOM
26
Sales
42
Inv
7
Harding & New Vernon
Median
$1.43m
DOM
17
Sales
9
Inv
7
Jefferson Township
Median
$607k
DOM
27
Sales
61
Inv
51
Long Hill Township
Median
$844k
DOM
25
Sales
27
Inv
7
Long Valley
Median
$785k
DOM
31
Sales
45
Inv
34
Madison
Median
$1.53m
DOM
28
Sales
41
Inv
8
Mendham Borough
Median
$983k
DOM
14
Sales
22
Inv
11
Mendham Borough & Township
Median
$1.25m
DOM
28
Sales
43
Inv
30
Mendham Township
Median
$1.53m
DOM
42
Sales
21
Inv
19
Morris Plains
Median
$771k
DOM
15
Sales
18
Inv
5
Morris Township
Median
$1.07m
DOM
15
Sales
66
Inv
26
Morristown
Median
$795k
DOM
19
Sales
26
Inv
25
Mount Arlington
Median
$550k
DOM
35
Sales
23
Inv
18
Mount Olive Township
Median
$620k
DOM
24
Sales
53
Inv
36
Mountain Lakes
Median
$1.43m
DOM
24
Sales
12
Inv
14
Netcong
Median
$481k
DOM
15
Sales
2
Inv
8
Parsippany
Median
$700k
DOM
24
Sales
93
Inv
75
Randolph Township
Median
$849k
DOM
26
Sales
63
Inv
35
Rockaway Township
Median
$558k
DOM
32
Sales
80
Inv
53
Roxbury Township
Median
$700k
DOM
22
Sales
72
Inv
21