Unshakable ZIP Data 07960 | Morristown, NJ Housing Market
Morristown · Morris County · New York-Newark-Jersey City, NY-NJ-PA metro · New Jersey · Data updated June 19, 2026
The median sale price in ZIP 07960, Morristown, New Jersey is $981,709 at $445 per square foot. 91 single-family homes sold in the latest period, down 10.3 percent from a year earlier. Homes sit a median of 16 days on market with 3.0 months of supply. Sellers are getting 106.5 percent of list price and 63.6 percent of homes sold above asking.
Balanced market.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $965,691 | |
| Average price per sq ft | $438 | |
| Median sale price | $981,709 | |
| Median sale price per sq ft | $445 | |
| Median home size | 2,205 sq ft | |
| Median new listing price | $917,160 | +12.9% |
| National size rank | 1,211 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 91 | -10.3% |
| Median days on market | 16 days | |
| Months of supply | 3.0 months | |
| New listings | 183 | +26.9% |
| Active listings | 219 | +20.2% |
| Pending sales | 132 | +2.9% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 106.5% | +0.5 pts |
| Share sold above list | 63.6% | -6.7 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
1-bedroom
$372,479
2-bedroom
$612,848
3-bedroom
$850,958
4-bedroom
$1,080,387
5-bedroom
$1,487,305
These figures describe the single-family market for Morristown, New Jersey ZIP 07960. They are market context, not a substitute for sold comps or a formal appraisal.