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

273,538

Labor Force

0.6% MoM

0.4% YoY

4/2024

264,273

Employed

0% MoM

1.3% YoY

4/2024

3.4%

Unemployment Rate

15% MoM

36% YoY

4/2024

$705,000

Median Sale Price

10.6% MoM

20.5% YoY

5/2024

434

Homes Sold

20.2% MoM

6.6% YoY

5/2024

1.2

Months Inventory

10.9% MoM

20.3% YoY

5/2024

14

Days on Market

1 MoM

2 YoY

5/2024

523

Listings

1.0% MoM

14.7% YoY

5/2024

106.7%

Sale Price to List Price

0.3% MoM

2.2% YoY

5/2024

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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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