House Prices

Traction Line Recreation Trail Morristown, NJ House Prices & Home Values 2026


Average Data

average house price$908,268
average size per house2962 ft²
average price per ft²312 $ / ft²

05/22/2026 - The value range (VR) for house prices in Traction Line Recreation Trail Morristown, NJ is $296.4/ sqft to $327.6/ sqft. An average home with 2962 sqft costs approximately $891,106 to $984,907. 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 $312. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Traction Line Recreation Trail Morristown

07960463 $ / ft²




Historical development of home values in Traction Line Recreation Trail Morristown

Year Estimated value (USD) Change vs. 2025
2010 $421,816 -53.6%
2011 $405,504 -55.4%
2012 $404,413 -55.5%
2013 $419,529 -53.8%
2014 $440,389 -51.5%
2015 $462,992 -49.0%
2016 $487,154 -46.4%
2017 $513,447 -43.5%
2018 $541,834 -40.3%
2019 $566,958 -37.6%
2020 $596,267 -34.4%
2021 $678,189 -25.3%
2022 $790,616 -13.0%
2023 $833,741 -8.2%
2024 $881,974 -2.9%
2025 $908,268 0.0%

Graph: estimated home values in Traction Line Recreation Trail Morristown over time (USD)



Example: 100% financing house in Traction Line Recreation Trail Morristown

Loan amount: $908,268

Interest rate: 6.09%

Fixed monthly payment: $5,498.19

Breakdown in the 1st month:
Interest portion: $4,609.46  –  Principal portion: $888.73

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $55,010.75 $10,967.55 $897,300.45
2 $54,323.86 $11,654.44 $885,646.02
3 $53,593.96 $12,384.34 $873,261.68
4 $52,818.34 $13,159.96 $860,101.72
5 $51,994.14 $13,984.15 $846,117.56
6 $51,118.33 $14,859.97 $831,257.60
7 $50,187.67 $15,790.63 $815,466.97
8 $49,198.71 $16,779.58 $798,687.39
9 $48,147.83 $17,830.47 $780,856.92
10 $47,031.12 $18,947.17 $761,909.75
11 $45,844.48 $20,133.81 $741,775.93
12 $44,583.52 $21,394.77 $720,381.16
13 $43,243.59 $22,734.71 $697,646.45
14 $41,819.74 $24,158.56 $673,487.90
15 $40,306.71 $25,671.58 $647,816.31
16 $38,698.93 $27,279.37 $620,536.95
17 $36,990.45 $28,987.85 $591,549.10
18 $35,174.97 $30,803.32 $560,745.78
19 $33,245.79 $32,732.50 $528,013.27
20 $31,195.79 $34,782.51 $493,230.77
21 $29,017.40 $36,960.90 $456,269.87
22 $26,702.57 $39,275.72 $416,994.15
23 $24,242.78 $41,735.52 $375,258.63
24 $21,628.93 $44,349.37 $330,909.26
25 $18,851.37 $47,126.93 $283,782.33
26 $15,899.86 $50,078.44 $233,703.90
27 $12,763.50 $53,214.80 $180,489.10
28 $9,430.71 $56,547.58 $123,941.52
29 $5,889.20 $60,089.10 $63,852.42
30 $2,125.88 $63,852.42 $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 Traction Line Recreation Trail Morristown, NJ


1500 sqft3900 sqft
Ø selling price$574,775$1,222,702
Ø fast selling$522,522$1,100,432
Ø high price sale$627,027$1,344,972

In 2026, houses in Traction Line Recreation Trail Morristown, NJ will be offered at an average price of $312 per square foot. A 1,500 sqft home priced at $574,775 is 23.35% more expensive per square foot than a 3,900 sqft home priced at $1,222,702. Home prices in Traction Line Recreation Trail 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 $846,486. Sellers who can wait longer may achieve a higher price of up to $1,034,594.

FAQ – Home Values in Traction Line Recreation Trail Morristown

What is the median home value in Traction Line Recreation Trail Morristown in 2026?

In 2026, the typical home value in Traction Line Recreation Trail Morristown is about $908,268 for an average home size of 2962 square feet. This corresponds to an average price of roughly $312 per square foot.

What is the average cost per square foot in Traction Line Recreation Trail Morristown?

In 2026, homes in Traction Line Recreation Trail Morristown sell for an average of around $312 per square foot, with a typical range between $296.4 and $327.6 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Traction Line Recreation Trail?

The average home size in Traction Line Recreation Trail Morristown is about 2962 square feet, with an estimated 2026 value around $908,268.



Neighborhoods close to Traction Line Recreation Trail 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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