What the Pros Know
Market Snapshot
Zip Code 7405 | Morris County, NJ
17,993
Population
YoY
202242.3
Median Age
YoY
2022$125,896
Median Household Income
YoY
2022$695,500
Median Sale Price
2.2% MoM
22.1% YoY
5/202442
Homes Sold
16.7% MoM
10.5% YoY
5/20240.8
Months Inventory
57.9% MoM
YoY
5/202419
Days on Market
1 MoM
51 YoY
5/202435
Listings
59.1% MoM
9.4% YoY
5/2024103.8%
Sale Price to List Price
2.0% MoM
3.5% YoY
5/2024
See 7405 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.