Explore Morristown
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Why Live in Morristown
Morristown, NJ, a historic city surrounded by Morris Township, offers a blend of Revolutionary War history, vibrant nightlife, and a strong local economy. With over 20,000 residents and a median age of 34, Morristown features cultural attractions like statues and the Gothic Revival St. Peter’s Episcopal Church. The Morristown Medical Center, employing over 5,000 people, anchors the local economy alongside manufacturers and engineering firms like Honeywell and the Louis Berger Group. Housing options range from refurbished historic homes to high-rise condos, with styles including colonial, split-level, and Cape Cod. The Morristown School District is highly rated, serving over 5,500 students with a favorable student-teacher ratio. The Green, a central gathering spot, hosts events like the annual Festival on the Green and a Christmas festival. Nearby lakes such as Lake Parsippany offer recreational opportunities. Nightlife includes historic venues like Jockey Hollow Bar & Kitchen and modern spots like Ironbar. The downtown train station provides convenient access to New York City, just over 30 miles away, while major corridors like U.S. Route 202 and Interstate 287 facilitate local travel. Morristown boasts lower crime rates compared to nearby cities, with significant decreases in both violent and property crimes from 2022 to 2023.
Home Prices in Morristown, NJ
The median home sale price in Morristown, NJ is $850,000, up 2% year-over-year. Homes in Morristown sell in 27 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$850,000
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Median Single Family Sale Price
$985,000
|
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Median Townhouse Sale Price
$849,000
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Median 2 Bedroom Sale Price
$583,000
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Median 1 Bedroom Sale Price
$335,000
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Average Price Per Sq Ft
$452
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Number of Homes for Sale
60
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Last 12 months Home Sales
381
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Months of Supply
1.90
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Median List Price
$850,000
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Median Change From 1st List Price
0%
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Median Home Sale Price YoY Change
2%
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