House Prices

House Prices & Home Values Morristown, NJ 2026


Average Data

average house price$894,846
average size per house2918 ft²
average price per ft²307 $ / ft²

04/05/2026 - The value range (VR) for house prices in Morristown, NJ is $456/ sqft to $456/ sqft. An average home with 2918 sqft costs approximately $1,330,608 to $1,330,608. Morristown, NJ includes 1 ZIP codes and it is located in Morris county. The lowest prices are found in ZIP 07960, while the highest are in ZIP 07960. The average price per sqare feet is $307. Our analysis is based on 680 property listings.

Avergage prices by ZIP codes Morristown

07960477 $ / ft²


House prices by neighborhoods in Morristown

30 Court412 $ / ft²
40 Park458 $ / ft²
Barclay Square at Morris Township434 $ / ft²
Bunker Hill439 $ / ft²
Burnham Park427 $ / ft²
Butterworth Farms Historic District498 $ / ft²
Collinsville436 $ / ft²
Columbia Park428 $ / ft²
Convent Mews436 $ / ft²
Convent Station459 $ / ft²
Cromwell Hills447 $ / ft²
Cutler Park421 $ / ft²
Downtown Morristown461 $ / ft²
Erwin Park438 $ / ft²
Fairchild412 $ / ft²
Foote’s Pond477 $ / ft²
Fort Nonsense430 $ / ft²
Fosterfields Living Historical Farm471 $ / ft²
Franklin Manor489 $ / ft²
Frelinghuysen Arboretum486 $ / ft²
Hartley Farms467 $ / ft²
Historic Speedwell493 $ / ft²
Hospital Hill488 $ / ft²
Jacob Ford Village420 $ / ft²
James Street Historic District466 $ / ft²
Jockey Hollow462 $ / ft²
Lewis Morris Park415 $ / ft²
Lidgerwood Park501 $ / ft²
Little Italy482 $ / ft²
Loantaka Brook Reservation471 $ / ft²
Macculloch Avenue Historic District415 $ / ft²
Madison Avenue Historic District484 $ / ft²
Manahan Village495 $ / ft²
Miller Road Historic District460 $ / ft²
Modera 44464 $ / ft²
Modera 55443 $ / ft²
Moore Estate432 $ / ft²
Morris Mews414 $ / ft²
Morris Place483 $ / ft²
Morristown Green442 $ / ft²
Mount Kemble Lake472 $ / ft²
Normandy Park419 $ / ft²
North End450 $ / ft²
Parsons Village491 $ / ft²
Patriots’ Path462 $ / ft²
Residences at Morristown Station468 $ / ft²
Ridgedale Avenue Historic District435 $ / ft²
Ridgedale Gardens443 $ / ft²
Rose Arbor452 $ / ft²
Speedwell Avenue Historic District419 $ / ft²
Speedwell Lake Park502 $ / ft²
Spring Brook471 $ / ft²
The Flats420 $ / ft²
The Highlands at Morristown Station412 $ / ft²
The Hollow471 $ / ft²
The Lofts at Morristown452 $ / ft²
The Metropolitan at 40 Park491 $ / ft²
Traction Line Recreation Trail463 $ / ft²
Vail Commons472 $ / ft²
Vail Mansion Residences445 $ / ft²
Village at Convent Station481 $ / ft²
Washington Headquarters479 $ / ft²
Washington Oaks491 $ / ft²
Washington Valley451 $ / ft²
Waterfall Village432 $ / ft²
Western Avenue Historic District425 $ / ft²
Windmill Pond480 $ / ft²




Historical development of home values in Morristown

Year Estimated value (USD) Change vs. 2025
2010 $415,583 -53.6%
2011 $399,512 -55.4%
2012 $398,436 -55.5%
2013 $413,329 -53.8%
2014 $433,881 -51.5%
2015 $456,150 -49.0%
2016 $479,955 -46.4%
2017 $505,860 -43.5%
2018 $533,827 -40.3%
2019 $558,579 -37.6%
2020 $587,455 -34.4%
2021 $668,167 -25.3%
2022 $778,933 -13.0%
2023 $821,421 -8.2%
2024 $868,941 -2.9%
2025 $894,846 0.0%

Graph: estimated home values in Morristown over time (USD)



Example: 100% financing house in Morristown

Loan amount: $894,846

Interest rate: 6.00%

Fixed monthly payment: $5,365.05

Breakdown in the 1st month:
Interest portion: $4,474.23  –  Principal portion: $890.82

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $53,391.83 $10,988.81 $883,857.19
2 $52,714.07 $11,666.58 $872,190.61
3 $51,994.50 $12,386.15 $859,804.46
4 $51,230.55 $13,150.10 $846,654.36
5 $50,419.48 $13,961.17 $832,693.19
6 $49,558.38 $14,822.26 $817,870.93
7 $48,644.18 $15,736.47 $802,134.46
8 $47,673.59 $16,707.06 $785,427.40
9 $46,643.13 $17,737.51 $767,689.89
10 $45,549.12 $18,831.52 $748,858.36
11 $44,387.63 $19,993.01 $728,865.35
12 $43,154.51 $21,226.14 $707,639.21
13 $41,845.33 $22,535.32 $685,103.90
14 $40,455.40 $23,925.25 $661,178.65
15 $38,979.74 $25,400.90 $635,777.74
16 $37,413.07 $26,967.58 $608,810.17
17 $35,749.77 $28,630.88 $580,179.29
18 $33,983.88 $30,396.77 $549,782.52
19 $32,109.07 $32,271.57 $517,510.95
20 $30,118.63 $34,262.01 $483,248.93
21 $28,005.43 $36,375.22 $446,873.71
22 $25,761.88 $38,618.76 $408,254.95
23 $23,379.96 $41,000.69 $367,254.26
24 $20,851.13 $43,529.52 $323,724.74
25 $18,166.32 $46,214.32 $277,510.42
26 $15,315.93 $49,064.72 $228,445.70
27 $12,289.72 $52,090.93 $176,354.77
28 $9,076.87 $55,303.78 $121,050.99
29 $5,665.85 $58,714.80 $62,336.20
30 $2,044.45 $62,336.20 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Morristown, NJ


1500 sqft3900 sqft
Ø selling price$557,206$1,185,327
Ø fast selling$506,551$1,066,795
Ø high price sale$607,860$1,303,860

In 2026, houses in Morristown, NJ will be offered at an average price of $307 per square foot. A 1,500 sqft home priced at $557,206 is 24.01% more expensive per square foot than a 3,900 sqft home priced at $1,185,327. Home prices in Morristown, NJ vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $820,612. Sellers who can wait longer may achieve a higher price of up to $1,002,970.


Discover Morristown, NJ

History and Culture

Morristown, NJ is a historic hub in Morris County known as the Military Capital of the American Revolution.
Visitors explore Morristown National Historical Park and Washington?s Headquarters, where George Washington planned crucial campaigns.

Dining and Entertainment

South Street and the Green offer chef?driven restaurants, craft cocktails, and live performances at MPAC, attracting weekend crowds from across North Jersey.
Year?round events like the Morristown Festival on the Green and farmers markets give the town a lively, small?city vibe.

Parks and Outdoors

Outdoor lovers enjoy the Frelinghuysen Arboretum, Speedwell Lake Park, and nearby Patriots? Path for biking, hiking, and birding.

Living and Real Estate

Housing ranges from historic Victorians to modern condos near the train station, appealing to commuters and young professionals.
Top?rated schools and renowned Morristown Medical Center strengthen the town?s quality?of?life profile.

Access and Transportation

The NJ Transit Morristown Station provides direct rail service to New York City, while I?287 and Route 24 simplify regional driving.
Businesses benefit from a skilled workforce and affluent customer base, making Morristown, New Jersey a strategic place to live, work, and invest.



FAQ – Home Values in Morristown

What is the median home value in Morristown in 2026?

In 2026, the typical home value in Morristown is about $894,846 for an average home size of 2918 square feet. This corresponds to an average price of roughly $307 per square foot.

What is the average cost per square foot in Morristown?

In 2026, homes in Morristown sell for an average of around $307 per square foot, with a typical range between $456 and $456 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Morristown is about 2918 square feet, with an estimated 2026 value around $894,846.



Locations close to Morristown, NJ

Convent Station, NJ434 $ / ft²
Mount Freedom, NJ359 $ / ft²
New Providence, NJ371 $ / ft²
Morris Plains, NJ314 $ / ft²
Millington, NJ332 $ / ft²
Mendham, NJ280 $ / ft²
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