What the Pros Know
Market Snapshot
Zip Code 7054 | Morris County, NJ
30,392
Population
YoY
202240.6
Median Age
YoY
2022$105,434
Median Household Income
YoY
2022$730,000
Median Sale Price
0.9% MoM
0.7% YoY
6/202547
Homes Sold
11.9% MoM
6.0% YoY
6/20250.4
Months Inventory
5.1% MoM
54.2% YoY
6/202519
Days on Market
1 MoM
2 YoY
6/202520
Listings
17.6% MoM
4.8% YoY
6/2025367
Price per Sq Ft
2.9% MoM
3.7% YoY
6/2025
See 7054 on Zillow
1. Population Data from U.S. Census Bureau.
2. Sales Data provided by Redfin, a national real estate brokerage.
MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.