Home Values

Morristown Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$409,600

  • 11.9% 1-year change
  • 2.3% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in Morristown is $409,600. Morristown home values have gone up 11.9% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in Morristown is $236, which is lower than the New York Metro average of $254. The median price of homes currently listed in Morristown is $410,000 while the median price of homes that sold is $445,294. The median rent price in Morristown is $2,099, which is lower than the New York Metro median of $2,300.

Foreclosures will be a factor impacting home values in the next several years. In Morristown 1.5 homes are foreclosed (per 10,000). This is the same as the New York Metro value of 1.5 and also lower than the national value of 4.0

Read more
Relative ZHVI
- +

Morristown Market Overview

Data through Dec 31, 2014
  • $409,600 ZHVI
  • 2.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $410,000 Median listing price
  • $445,294 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Morristown Market Health

Data through Dec 31, 2014
  • 6.0/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% US Avg)

Homes foreclosed (per 10,000)

1.5 homes Morristown
1.5 homes New York Metro
4 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Harding Township $1,100,600
Chatham Township $768,700
Florham Park $649,200
Name Median ZHVI
Madison $635,700
Morris Township $553,000
Morris Plains $482,900
Name Median ZHVI
Hanover $451,600
Parsippany-Troy Hills Township $392,000
Denville $385,400

Listings & Sales

Data through Dec 31, 2014
  • $236 Median list price / sq ft
  • $244 Median sale price / sq ft
  • 14.4% Listings with price cut
25.2%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Morristown Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,482 Morristown
    $2,340 New York Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,099 Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading