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$710,000
Median Sale Price
5.2% MoM
0.7% YoY
6/202551
Homes Sold
8.5% MoM
4.1% YoY
6/20250.5
Months Inventory
38.6% MoM
30.9% YoY
6/202545
Days on Market
11 MoM
21 YoY
6/202526
Listings
33.3% MoM
10.3% YoY
6/2025328
Price per Sq Ft
8% MoM
9.1% YoY
6/2025
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.