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Featured local agent — Port Morris, NJ
Sarah Mitchell
Compass Real Estate · Port Morris, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Port Morris, NJ Housing Market
The last median sale price Redfin published was $660,000 (through May 2026). With homes going under contract in about 71 days, Port Morris is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $660,000 home is about $3,523/mo in principal and interest.
Key numbers for Port Morris, NJ
Median sale price
$660,000
Last published period
Redfin, through January 2026
Days on market
71
Slow-moving
Redfin, through January 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$65,070
Home costs 10.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.8%
Selling below asking
Redfin, through January 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Port Morris a buyer's or seller's market?
Port Morris, NJ is a leaning buyer's and homes selling in about 71 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Port Morris housing market data show?
Every row below is Redfin's final published month for Port Morris, NJ. Redfin, through January 2026
| Metric | Value |
|---|---|
| Median sale price | $660,000 |
| Median price per sq ft | $282/sq ft |
| Median days on market | 71 days |
| Sale-to-list price ratio | 97.8% |
| Homes sold (that month) | 1 |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Port Morris is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Port Morris is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Port Morris home prices moved?
Across the 26 months we hold for Port Morris, NJ, the median sale price rose 49.3%, from $442,050 in June 2021 to $660,000.
Redfin, through January 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Port Morris?
Priced off the median sale price of $660,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $132,000 | $528,000 | $3,523/mo |
| 5% | $33,000 | $627,000 | $4,184/mo |
Redfin, through January 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,523, that implies roughly $151,005 a year before you add taxes and insurance. The median household in Port Morris earns $65,070, about $85,935 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 10.1x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Port Morris in the next 12 months?
Tell us your timeline. We send the Port Morris market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Port Morris?
Zillow does not publish a rent index (ZORI) for Port Morris, NJ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Port Morris?
Active listings in Port Morris, NJ went from 1 in May 2022 to 1 in April 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2022 | 1 | 1 |
| July 2023 | 4 | 3 |
| September 2023 | 2 | 2 |
| February 2024 | 2 | 2 |
| March 2024 | 1 | 1 |
| April 2024 | 2 | 1 |
| June 2024 | 1 | not published |
| July 2024 | 2 | 1 |
| October 2024 | 2 | 2 |
| November 2024 | 3 | 2 |
| December 2024 | 3 | not published |
| April 2025 | 1 | not published |
Redfin, through April 2025
How does Port Morris compare to New Jersey and the U.S.?
Port Morris homes sell for $660,000 — 14% above the New Jersey median of $579,900. Against the national median of $410,700, Port Morris runs 61% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Port Morris, NJ | $660,000 | not published | 71 days |
| New Jersey statewide | $579,900 | +3.7% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Port Morris
What buyers should watch
- The gap between 5% and 20% down here is $661 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $660,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Port Morris listing goes under contract in 71 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Port Morris varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Port Morris
Explore homes currently listed for sale in Port Morris, New Jersey across major real estate platforms.
How much do homes cost in Port Morris by property type?
How the Port Morris, NJ market breaks down across single-family homes, condos and townhouses. Redfin, through January 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $660,000 | $282/sq ft | 1 | 71 days |
Who lives in Port Morris?
American Community Survey estimates for Port Morris. U.S. Census ACS, 2023
Population
1,141
Households
458
Median income
$65,070/yr
Median age
37.1 years
Owner-occupied
61.8%
Median home value
$391,400
Median gross rent
$1,493/mo
Mean commute
37.7 min
61.8% of occupied homes in Port Morris are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Port Morris, NJ?
Ordered by distance from Port Morris, not by size. Compare Port Morris side by side with any of them.
Port Morris housing market FAQ
Is Port Morris a buyer's or seller's market?
Port Morris, NJ is currently a leaning buyer's based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Port Morris?
The median sale price in the last month Redfin published was $660,000, about $282 per square foot.
Is Port Morris cheaper than the rest of New Jersey?
Port Morris's median sale price of $660,000 is 14% higher than the New Jersey statewide median of $579,900, and 61% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Port Morris?
Homes in Port Morris, NJ spent a median of 71 days on market before going under contract, versus 35 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Port Morris?
At the current 30-year fixed rate of 7.03%, 20% down on a $660,000 home is about $3,523 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $151,005 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $65,070.
Are home prices rising in Port Morris?
We do not hold a complete 12-month value series for Port Morris, NJ yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Port Morris?
Port Morris ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Port Morris?
That depends on your timeline, not on a headline. What the data says today: Port Morris, NJ is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $660,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.