What the Pros Know

514,423

Population

0.6% YoY

2023

41.4

Median Age

3% YoY

2022

$130,808

Median Household Income

5.7% YoY

2022

277,988

Labor Force

0.3% MoM

0.1% YoY

7/2025

264,821

Employed

0.6% MoM

0.1% YoY

7/2025

4.7%

Unemployment Rate

6.8% MoM

2.2% YoY

7/2025

$717,500

Median Sale Price

1.7% MoM

1.8% YoY

8/2025

491

Homes Sold

6.7% MoM

13.3% YoY

8/2025

1.1

Months Inventory

10.1% MoM

37.2% YoY

8/2025

23

Days on Market

4 MoM

6 YoY

8/2025

561

Listings

12.2% MoM

6.0% YoY

8/2025

371

Price per Sq Ft

4.6% MoM

1.8% YoY

8/2025

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Cities included in Morris County: Parsippany, Morristown, Dover, Madison, Florham Park, Oak Ridge, Lincoln Park, Pompton Plains, Lake Hopatcong, Kinnelon, Lake Hiawatha, Budd Lake, Succasunna, Flanders, White Meadow Lake, Whippany, Boonton, Butler, Wharton, Morris Plains, Pine Brook, Mount Arlington, Towaco, Ledgewood, Troy Hills, Landing, Mountain Lakes, Cedar Knolls, Riverdale, Netcong, Stirling, Mount Hope, Millington, Gillette, Long Valley, Kenvil, Victory Gardens, Brookside, Rainbow Lakes, Green Village, Lake Telemark, Port Morris, Mount Tabor, New Vernon, Lower Berkshire Valley, Hibernia


Zip Codes included in Morris County: [Click for zip code level data] 07005, 07034, 07035, 07045, 07046, 07054, 07058, 07082, 07405, 07438, 07440, 07444, 07457, 07801, 07803, 07828, 07834, 07836, 07842, 07847, 07849, 07850, 07852, 07853, 07856, 07857, 07866, 07869, 07870, 07876, 07878, 07885, 07926, 07927, 07928, 07930, 07932, 07933, 07935, 07936, 07940, 07945, 07946, 07950, 07960, 07961, 07970, 07976, 07980, 07981


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  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.

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