Morristown Real Estate Market Overview

Could Morristown, NJ be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about Morristown. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near Morristown such as... Morris Plains and Madison. When you’re ready, Trulia has 211 resale and new homes in Morristown lined up for you, including 35 open houses, and 78 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$665,450

Median Sales Price

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$252

Price Per Sqft

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$2,500

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in Morristown show a 21% year-over-year rise in median sales price and a -7% drop in median rent per month.

Median Sales Price
The median sales price for homes in Morristown for Jun 22 to Sep 21 was $665,450 based on 38 home sales.
Price Per Square Ft.
Average price per square foot for Morristown was $252, a decrease of -5% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in Morristown for Aug 22 to Sep 22 was $2,500.

Crime

Most frequent crimes in the past year

Knowing more about crime activity in Morristown can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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1

Count of Assault


Best Schools in Morristown

There are 11 schools in Morristown.

Elementary Schools
8

Unity Charter School

Public, K - 8

6

Thomas Jefferson Elementary School

Public, 3 - 5

5

Normandy Park Elementary School

Public, K - 5

Middle Schools
8

Unity Charter School

Public, K - 8

6

Frelinghuysen Middle School

Public, 6 - 8

High Schools
6

Morristown High School

Public, 9 - 12


Demographics

Get to know your neighbors in Morristown by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
32%
Single residents
Home owners
81%
Home owners
Median age
42
Median age
Household income
$119,682
Median household income
College educated
68%
College educated

Commute

Most people in Morristown commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
90% commute by car
0% commute by bike
5% commute by public transportation
3% commute by foot

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