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

275,837

Labor Force

0.7% MoM

0% YoY

8/2024

263,511

Employed

0.6% MoM

0.3% YoY

8/2024

4.5%

Unemployment Rate

2.2% MoM

7.1% YoY

8/2024

$700,000

Median Sale Price

0.7% MoM

10.1% YoY

8/2024

575

Homes Sold

15.5% MoM

11.9% YoY

8/2024

0.8

Months Inventory

25.9% MoM

24.2% YoY

8/2024

17

Days on Market

0 MoM

1 YoY

8/2024

479

Listings

18.7% MoM

15.2% YoY

8/2024

105.6%

Sale Price to List Price

0.3% MoM

0.6% YoY

8/2024

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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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