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Featured local agent — Morganville, NJ
Sarah Mitchell
Compass Real Estate · Morganville, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morganville, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$647,500median sale price
How is the Morganville, NJ housing market right now?
The median home sale price in Morganville, NJ is $647,500, up 33.5% year-over-year. Homes sell in an average of 63 days with 14 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Morganville a buyer's or seller's market?
Morganville, NJ is currently a seller's market, based on 3.5 months of supply and homes selling in about 63 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
63
Average pace
Active listings
14
3.5 months supply
Sale-to-list
104.0%
Above asking
What does the Morganville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $647,500 |
| Median list price | $769,000 |
| Year-over-year price change | +33.5% |
| Average days on market | 63 days |
| Active inventory | 14 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 104.0% |
| Median price per sq ft | $322/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 7 |
| Listings with a price cut | 14.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Morganville by property type?
How the Morganville, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $647,500 | $322/sq ft | 4 | 63 days |
| Condo / Co-op | $525,000 | $330/sq ft | 1 | 54 days |
Source: Redfin · Updated monthly
The Morganville housing market is currently classified as a seller's market with a median sale price of $647,500. Prices have risen 33.5% compared to last year, with homes spending an average of 63 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.5x provides context for how home values compare to local earning capacity.
Homes for sale in Morganville
There are currently 14 homes listed for sale in Morganville, New Jersey. The median listing price is $769K.
Active listings
14
Homes on market
Median list price
$769K
Avg. days on market
63
Days until sale
New this week
7
Newly listed
Who lives in Morganville?
Population
5,544
Median income
$134,911/yr
Median age
46 years
Owner-occupied
87.7%
College grads
58.9%
Avg commute
37.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Morganville?
Zillow home value
$878,092
Zillow rent index
$3,336/mo
Price-to-rent ratio
21.9x
Price-to-income
6.5x
Source: Zillow Research
What is it like to live in Morganville?
Morganville is a community of approximately 6K residents with a median age of 46 years.The median household income is $134,911, which reflects a relatively affluent area with strong earning potential. 58.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 87.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 37.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Morganville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morganville?
4 schools tracked · 1,843 students
The largest public schools serving Morganville, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Marlboro Memorial Middle School
Grades 6-8 · 744 students
Robertsville Elementary School
Grades 1-5 · 471 students
Asher Holmes Elementary School
Grades 1-5 · 444 students
David C Abbott Early Learning Center
Grades PK-K · 184 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Morganville, NJ?
Want a head-to-head view? Compare Morganville side-by-side with any other U.S. city using our market-comparison tool.
Is Morganville a good real estate investment market?
For investors evaluating Morganville, the price-to-rent ratio of 21.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 33.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Morganville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Morganville's median home price.
Frequently asked questions
What is the average home price in Morganville?
The median home sale price in Morganville is $647,500, up 33.5% from last year.
How long do homes stay on market in Morganville?
Homes typically spend 63 days on market before going under contract.
What is the median income in Morganville?
The median household income is $134,911 per year.
Is Morganville a buyer's or seller's market?
With 3.5 months of supply, Morganville is currently a seller's market.
What is the Zillow home value estimate for Morganville?
The Zillow Home Value Index (ZHVI) for Morganville is $878,092, representing the typical home value in the area.
What is the median condo price in Morganville?
The median condo/co-op sale price in Morganville, NJ is $525,000, compared to $647,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Morganville?
The median single-family home price in Morganville, NJ is $647,500 (about $322 per square foot).
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