What the Pros Know
Market Snapshot
Zip Code 7940 | Morris County, NJ
17,798
Population
YoY
202234.5
Median Age
YoY
2022$163,643
Median Household Income
YoY
2022$1,200,000
Median Sale Price
5.5% MoM
61.6% YoY
5/202427
Homes Sold
12.5% MoM
41.3% YoY
5/20240.7
Months Inventory
5.6% MoM
YoY
5/202417
Days on Market
2 MoM
1 YoY
5/202419
Listings
18.8% MoM
5.0% YoY
5/2024107.8%
Sale Price to List Price
0.8% MoM
4.5% YoY
5/2024
See 7940 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.