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$1,390,000
Median Sale Price
5.9% MoM
43.3% YoY
6/202544
Homes Sold
2.3% MoM
10.2% YoY
6/20250.2
Months Inventory
51.1% MoM
60% YoY
6/202517
Days on Market
1 MoM
1 YoY
6/20258
Listings
50.0% MoM
33.3% YoY
6/2025569
Price per Sq Ft
17.3% MoM
5% YoY
6/2025
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.