House Prices

Morris Place Morristown, NJ House Prices & Home Values 2026


Average Data

average house price$946,747
average size per house3088 ft²
average price per ft²325 $ / ft²

05/22/2026 - The value range (VR) for house prices in Morris Place Morristown, NJ is $308.75/ sqft to $341.25/ sqft. An average home with 3088 sqft costs approximately $1,008,719 to $1,114,900. 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 $325. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Morris Place Morristown

07960483 $ / ft²




Historical development of home values in Morris Place Morristown

Year Estimated value (USD) Change vs. 2025
2010 $439,686 -53.6%
2011 $422,684 -55.4%
2012 $421,546 -55.5%
2013 $437,302 -53.8%
2014 $459,047 -51.5%
2015 $482,606 -49.0%
2016 $507,792 -46.4%
2017 $535,200 -43.5%
2018 $564,789 -40.3%
2019 $590,977 -37.6%
2020 $621,528 -34.4%
2021 $706,921 -25.3%
2022 $824,111 -13.0%
2023 $869,063 -8.2%
2024 $919,339 -2.9%
2025 $946,747 0.0%

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



Example: 100% financing house in Morris Place Morristown

Loan amount: $946,747

Interest rate: 6.35%

Fixed monthly payment: $5,889.76

Breakdown in the 1st month:
Interest portion: $5,008.29  –  Principal portion: $881.47

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $59,786.25 $10,890.88 $935,856.12
2 $59,074.42 $11,602.71 $924,253.41
3 $58,316.07 $12,361.06 $911,892.36
4 $57,508.16 $13,168.98 $898,723.38
5 $56,647.43 $14,029.70 $884,693.68
6 $55,730.45 $14,946.68 $869,747.00
7 $54,753.54 $15,923.59 $853,823.41
8 $53,712.77 $16,964.36 $836,859.06
9 $52,603.99 $18,073.15 $818,785.91
10 $51,422.73 $19,254.40 $799,531.51
11 $50,164.26 $20,512.87 $779,018.64
12 $48,823.54 $21,853.59 $757,165.05
13 $47,395.19 $23,281.94 $733,883.11
14 $45,873.49 $24,803.64 $709,079.46
15 $44,252.32 $26,424.81 $682,654.66
16 $42,525.20 $28,151.93 $654,502.73
17 $40,685.19 $29,991.94 $624,510.79
18 $38,724.92 $31,952.21 $592,558.58
19 $36,636.53 $34,040.60 $558,517.98
20 $34,411.64 $36,265.49 $522,252.48
21 $32,041.33 $38,635.80 $483,616.68
22 $29,516.10 $41,161.03 $442,455.65
23 $26,825.81 $43,851.32 $398,604.33
24 $23,959.70 $46,717.43 $351,886.90
25 $20,906.25 $49,770.88 $302,116.01
26 $17,653.23 $53,023.90 $249,092.11
27 $14,187.59 $56,489.54 $192,602.57
28 $10,495.44 $60,181.69 $132,420.88
29 $6,561.97 $64,115.16 $68,305.72
30 $2,371.41 $68,305.72 $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 Morris Place Morristown, NJ


1500 sqft3900 sqft
Ø selling price$624,088$1,327,605
Ø fast selling$567,353$1,194,845
Ø high price sale$680,823$1,460,366

In 2026, houses in Morris Place Morristown, NJ will be offered at an average price of $325 per square foot. A 1,500 sqft home priced at $624,088 is 24.33% more expensive per square foot than a 3,900 sqft home priced at $1,327,605. Home prices in Morris Place 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 $919,112. Sellers who can wait longer may achieve a higher price of up to $1,123,358.

FAQ – Home Values in Morris Place Morristown

What is the median home value in Morris Place Morristown in 2026?

In 2026, the typical home value in Morris Place Morristown is about $946,747 for an average home size of 3088 square feet. This corresponds to an average price of roughly $325 per square foot.

What is the average cost per square foot in Morris Place Morristown?

In 2026, homes in Morris Place Morristown sell for an average of around $325 per square foot, with a typical range between $308.75 and $341.25 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Morris Place?

The average home size in Morris Place Morristown is about 3088 square feet, with an estimated 2026 value around $946,747.



Neighborhoods close to Morris Place 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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