Brokers — List your Company Here
Featured local agent — Morris Plains, NJ
Sarah Mitchell
Compass Real Estate · Morris Plains, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Morris Plains, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$732,500median sale price
How is the Morris Plains, NJ housing market right now?
The median home sale price in Morris Plains, NJ is $732,500, down 19.1% year-over-year. Homes sell in an average of 14 days with 10 active listings. The market is currently a strong 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 Morris Plains a buyer's or seller's market?
Morris Plains, NJ is currently a strong seller's market, based on 0.8 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
14
Fast-moving
Active listings
10
0.8 months supply
Sale-to-list
107.5%
Above asking
What does the Morris Plains housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $732,500 |
| Median list price | $657,000 |
| Year-over-year price change | -19.1% |
| Average days on market | 14 days |
| Active inventory | 10 listings |
| Months of supply | 0.8 months |
| Sale-to-list price ratio | 107.5% |
| Median price per sq ft | $413/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 12 |
| Listings with a price cut | 10.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Morris Plains by property type?
How the Morris Plains, 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 | $732,500 | $413/sq ft | 12 | 14 days |
| Condo / Co-op | $453,000 | $331/sq ft | 1 | 3 days |
| Townhouse | $879,000 | $352/sq ft | 1 | 68 days |
Source: Redfin · Updated monthly
The Morris Plains housing market is currently classified as a strong seller's market with a median sale price of $732,500. Prices have fallen 19.1% compared to last year, with homes spending an average of 14 days on market, indicating 0.8 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 5.0x provides context for how home values compare to local earning capacity.
Homes for sale in Morris Plains
There are currently 10 homes listed for sale in Morris Plains, New Jersey. The median listing price is $657K.
Active listings
10
Homes on market
Median list price
$657K
Avg. days on market
14
Days until sale
New this week
12
Newly listed
Who lives in Morris Plains?
Population
6,214
Median income
$149,623/yr
Median age
42.2 years
Owner-occupied
74.7%
College grads
68.8%
Avg commute
27.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Morris Plains?
Zillow home value
$745,549
Zillow rent index
$3,504/mo
Price-to-rent ratio
17.7x
Price-to-income
5.0x
Source: Zillow Research
What is it like to live in Morris Plains?
Morris Plains is a community of approximately 6K residents with a median age of 42.2 years.The median household income is $149,623, which reflects a relatively affluent area with strong earning potential. 68.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 74.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Morris Plains offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morris Plains?
6 schools tracked · 2,645 students
The largest public schools serving Morris Plains, 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.
Parsippany Hills High School
Grades 9-12 · 1,021 students
Littleton Elementary School
Grades PK-5 · 427 students
Morris Plains Borough School
Grades 3-8 · 391 students
Alfred Vail School
Grades K-2 · 334 students
Mountview Road School
Grades K-5 · 263 students
Mountain Way School
Grades PK-2 · 209 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 Morris Plains, NJ?
Want a head-to-head view? Compare Morris Plains side-by-side with any other U.S. city using our market-comparison tool.
Is Morris Plains a good real estate investment market?
For investors evaluating Morris Plains, the price-to-rent ratio of 17.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 19.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Morris Plains's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Morris Plains's median home price.
Frequently asked questions
What is the average home price in Morris Plains?
The median home sale price in Morris Plains is $732,500, down 19.1% from last year.
How long do homes stay on market in Morris Plains?
Homes typically spend 14 days on market before going under contract.
What is the median income in Morris Plains?
The median household income is $149,623 per year.
Is Morris Plains a buyer's or seller's market?
With 0.8 months of supply, Morris Plains is currently a strong seller's market.
What is the Zillow home value estimate for Morris Plains?
The Zillow Home Value Index (ZHVI) for Morris Plains is $745,549, representing the typical home value in the area.
What is the median condo price in Morris Plains?
The median condo/co-op sale price in Morris Plains, NJ is $453,000, compared to $732,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Morris Plains?
The median single-family home price in Morris Plains, NJ is $732,500 (about $413 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Morris Plains, NJ
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Morris Plains market alerts
Weekly updates on prices, inventory, and trends. Free forever.