Morris Plains, NJ
Housing market overview · Updated weekly
$915,000median sale price
Homes sold
3
Last 12 weeks
Days on market
35
Average pace
Active listings
4
1.3 months supply
Sale-to-list
105.3%
Above asking
The Morris Plains housing market is currently classified as a strong seller's market with a median sale price of $915,000. Prices have risen 19.6% compared to last year, with homes spending an average of 35 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Morris Plains?
The median home sale price in Morris Plains is $915,000, up 19.6% from last year.
How long do homes stay on market in Morris Plains?
Homes typically spend 35 days on market before going under contract.
Is Morris Plains a buyer's or seller's market?
With 1.3 months of supply, Morris Plains is currently a strong seller's market.
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