House Prices

Downtown Morristown Morristown, NJ House Prices & Home Values 2026


Average Data

average house price$902,899
average size per house2945 ft²
average price per ft²310 $ / ft²

04/05/2026 - The value range (VR) for house prices in Downtown Morristown Morristown, NJ is $294.5/ sqft to $325.5/ sqft. An average home with 2945 sqft costs approximately $875,109 to $967,225. 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 $310. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Downtown Morristown Morristown

07960461 $ / ft²




Historical development of home values in Downtown Morristown Morristown

Year Estimated value (USD) Change vs. 2025
2010 $419,323 -53.6%
2011 $403,107 -55.4%
2012 $402,022 -55.5%
2013 $417,049 -53.8%
2014 $437,786 -51.5%
2015 $460,255 -49.0%
2016 $484,274 -46.4%
2017 $510,412 -43.5%
2018 $538,631 -40.3%
2019 $563,606 -37.6%
2020 $592,742 -34.4%
2021 $674,180 -25.3%
2022 $785,942 -13.0%
2023 $828,813 -8.2%
2024 $876,761 -2.9%
2025 $902,899 0.0%

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



Example: 100% financing house in Downtown Morristown Morristown

Loan amount: $902,899

Interest rate: 6.05%

Fixed monthly payment: $5,444.72

Breakdown in the 1st month:
Interest portion: $4,555.13  –  Principal portion: $889.60

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $54,360.26 $10,976.41 $891,922.59
2 $53,676.99 $11,659.67 $880,262.93
3 $52,951.20 $12,385.46 $867,877.46
4 $52,180.22 $13,156.44 $854,721.02
5 $51,361.26 $13,975.41 $840,745.61
6 $50,491.31 $14,845.35 $825,900.26
7 $49,567.21 $15,769.45 $810,130.81
8 $48,585.59 $16,751.08 $793,379.73
9 $47,542.86 $17,793.81 $775,585.92
10 $46,435.22 $18,901.44 $756,684.48
11 $45,258.64 $20,078.03 $736,606.46
12 $44,008.81 $21,327.85 $715,278.60
13 $42,681.19 $22,655.48 $692,623.13
14 $41,270.92 $24,065.74 $668,557.39
15 $39,772.87 $25,563.80 $642,993.59
16 $38,181.56 $27,155.10 $615,838.49
17 $36,491.20 $28,845.46 $586,993.02
18 $34,695.61 $30,641.05 $556,351.97
19 $32,788.26 $32,548.41 $523,803.57
20 $30,762.17 $34,574.49 $489,229.08
21 $28,609.96 $36,726.70 $452,502.38
22 $26,323.79 $39,012.88 $413,489.50
23 $23,895.30 $41,441.37 $372,048.13
24 $21,315.64 $44,021.03 $328,027.11
25 $18,575.40 $46,761.26 $281,265.84
26 $15,664.59 $49,672.08 $231,593.77
27 $12,572.58 $52,764.09 $178,829.68
28 $9,288.10 $56,048.57 $122,781.11
29 $5,799.16 $59,537.50 $63,243.61
30 $2,093.05 $63,243.61 $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 Downtown Morristown Morristown, NJ


1500 sqft3900 sqft
Ø selling price$567,714$1,207,683
Ø fast selling$516,104$1,086,914
Ø high price sale$619,325$1,328,451

In 2026, houses in Downtown Morristown Morristown, NJ will be offered at an average price of $310 per square foot. A 1,500 sqft home priced at $567,714 is 23.21% more expensive per square foot than a 3,900 sqft home priced at $1,207,683. Home prices in Downtown Morristown Morristown, NJ vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $836,088. Sellers who can wait longer may achieve a higher price of up to $1,021,885.

FAQ – Home Values in Downtown Morristown Morristown

What is the median home value in Downtown Morristown Morristown in 2026?

In 2026, the typical home value in Downtown Morristown Morristown is about $902,899 for an average home size of 2945 square feet. This corresponds to an average price of roughly $310 per square foot.

What is the average cost per square foot in Downtown Morristown Morristown?

In 2026, homes in Downtown Morristown Morristown sell for an average of around $310 per square foot, with a typical range between $294.5 and $325.5 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Downtown Morristown?

The average home size in Downtown Morristown Morristown is about 2945 square feet, with an estimated 2026 value around $902,899.



Neighborhoods close to Downtown Morristown Morristown, NJ

Murray Hill New Providence, NJ402 $ / ft²
Hartley Farms New Vernon, NJ365 $ / ft²
Bee Meadow Whippany, NJ309 $ / ft²
Coventry Park Morris Plains, NJ287 $ / ft²
Mendham Commons Mendham, NJ250 $ / ft²
Downtown Madison Madison, NJ325 $ / ft²
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