Short answer: The Morris County real estate market is still a seller-leaning market, but it has loosened. In September 2026, the single-family median sale price was $737,500 (up 2.1% from a year earlier), and sellers got 104.0% of list price on average. Inventory, though, was up 14.2%, and closed sales were down 7.8%.
This update uses the New Jersey REALTORS® Local Market Update for Morris County, compiled by ShowingTime. It covers September 2026, the latest month released as of Nov. 6, 2026. The October report wasn’t posted yet when we checked. All of the comparisons below are September 2026 against September 2025, plus year-to-date figures through the end of September.
Single-Family Homes: September 2026
| Metric | Sep 2025 | Sep 2026 | Change |
|---|---|---|---|
| New listings | 475 | 518 | +9.1% |
| Closed sales | 332 | 306 | -7.8% |
| Median sales price | $722,500 | $737,500 | +2.1% |
| Percent of list price received | 103.6% | 104.0% | +0.4% |
| Days on market until sale | 28 | 30 | +7.1% |
| Inventory of homes for sale | 663 | 757 | +14.2% |
| Months supply of inventory | 2.2 | 2.5 | +13.6% |
More houses came on the market in September than a year earlier, and fewer of them closed. That’s why the number of homes for sale rose by almost 100. Prices kept rising anyway, and the typical buyer still paid above asking. The 2.5 months of supply means that at September’s sales pace, the active listings would sell out in about two and a half months if no new listings came on.
Townhouses and Condos: September 2026
| Metric | Sep 2025 | Sep 2026 | Change |
|---|---|---|---|
| New listings | 109 | 154 | +41.3% |
| Closed sales | 88 | 79 | -10.2% |
| Median sales price | $532,500 | $540,000 | +1.4% |
| Percent of list price received | 101.9% | 99.2% | -2.6% |
| Days on market until sale | 26 | 31 | +19.2% |
| Inventory of homes for sale | 159 | 189 | +18.9% |
| Months supply of inventory | 1.9 | 2.2 | +15.8% |
The townhouse-condo segment changed more than single-family homes did. New listings jumped 41.3%, homes took five more days to sell, and the average sale came in at 99.2% of list price. That’s the first figure in this report below 100%. Keep in mind that 79 sales is a small sample, so one month can swing a lot.
Year-to-Date: January Through September 2026
| Metric | Single-family 2025 | Single-family 2026 | Townhouse-condo 2025 | Townhouse-condo 2026 |
|---|---|---|---|---|
| New listings | 3,803 | 4,121 (+8.4%) | 1,008 | 1,137 (+12.8%) |
| Closed sales | 2,675 | 2,702 (+1.0%) | 760 | 760 (0.0%) |
| Median sales price | $742,000 | $795,333 (+7.2%) | $520,000 | $556,250 (+7.0%) |
| Percent of list price received | 105.4% | 105.2% | 102.1% | 102.0% |
| Days on market until sale | 29 | 28 | 30 | 30 |
Across the first nine months of the year, both median prices were up about 7%. The September increases were much smaller (2.1% for single-family homes and 1.4% for townhouses and condos). That gap suggests price growth slowed after the spring market, even though prices are still higher than last year. Through September, sales volume was about the same as in 2025, while the number of new listings grew faster than sales. For how prices typically move through the calendar, see what month houses sell for the least.
Mortgage Rates This Week
Freddie Mac’s Primary Mortgage Market Survey put the average 30-year fixed rate at 7.18% for the week of Nov. 5, 2026. A year earlier, it was 6.22%. The 15-year fixed averaged 6.57%. These are national averages, so the rate you’re quoted will depend on your credit, down payment, and loan type. For a longer look at rates, see our mortgage rate and home price outlook for Morris County.
What It Means for Sellers
- Buyers are still paying over asking. In September, single-family homes sold for 104.0% of list price on average. Our guide on how much over asking homes sell for in Morris County explains how that plays out from one offer to the next.
- You have more competition than last fall. There were 757 single-family homes for sale, compared with 663 a year earlier. Pricing and preparation matter more when buyers have more choices.
- Condo and townhouse sellers should price carefully. In that segment, sales averaged 99.2% of list price, and days on market rose to 31.
- Homes are still selling quickly. The report put single-family days on market until sale at 30. For more on timing, see how long it takes to sell a house in Morris County.
What It Means for Buyers
- You have more homes to choose from. Single-family inventory was up 14.2% and townhouse-condo inventory was up 18.9% from a year earlier.
- Prices haven’t come down. The single-family median was $737,500, still up from last September. Budget for the typical home selling above asking.
- The condo market is where you may have room to negotiate. Sales in that segment averaged just under list price in September.
- Rates matter for your budget. With the 30-year average at 7.18%, get a lender pre-approval before you start touring homes.
Frequently Asked Questions
What is the median home price in Morris County, NJ right now?
In September 2026, the median sales price was $737,500 for single-family homes and $540,000 for townhouses and condos in Morris County. These are the latest NJ REALTORS figures available as of early November 2026.
Is the Morris County housing market slowing down?
Somewhat. In September 2026, closed sales were lower and inventory was higher than a year earlier, and homes took a little longer to sell. Prices were still up, and single-family homes still sold above list price on average.
How long does it take to sell a house in Morris County?
In September 2026, the NJ REALTORS report put days on market until sale at 30 for Morris County single-family homes and 31 for townhouses and condos.
How much inventory is there in Morris County?
At the end of September 2026, there were 757 single-family homes for sale (2.5 months of supply) and 189 townhouses and condos (2.2 months of supply). Both were higher than a year earlier.
Sources
- New Jersey REALTORS® Local Market Update, Morris County, September 2026 (ShowingTime)
- Freddie Mac Primary Mortgage Market Survey (week of Nov. 5, 2026)
Talk to the MorrisAgent Team
Call (973) 200-4800, email [email protected], or stop by our office at 518 Main Street, Suite 102, Boonton. No pressure, and no surprises.