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Morristown, NJ 07960 Real Estate & Property Data

Morristown, NJ 07960 Real Estate Market Trends

Last Updated: April 27, 2024

A total of 546 residential properties have been sold over the past 12 months in 07960. With a median sales price of $1,075,000 in 07960 and a total of 1 foreclosures in Morristown, NJ 07960. Discover market trends and get the granular level real estate data for Morristown, NJ 07960 to keep your pulse on the housing market. Curate compelling home reports for Morristown, NJ 07960 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Morristown, NJ 07960 Real Estate Market Trends

Get property data for any address in Morristown, NJ 07960 or the country:

Total Residential Properties 12,690

Total Commercial Properties 667

Avg. Home Age (Single Family Home) 63 Years

Avg. Square Feet (Single Family Home) 2,573

Total 2024 Residential Sales (year-to-date) 65

% of Homes Seriously Underwater (Q2 2024) 0.69%

Total 2023 Residential Sales 506

% of Equity Rich Homes (Q2 2024) 42.79%

Effective 2023 Property Tax 1.35%

Total Foreclosure Filings (year-to-date) 2

Morristown, NJ 07960 Real Estate Overview

There were 546 residential properties sold in the past year in Morristown, NJ 07960. The median home value in Morristown, NJ 07960 is $756,414. There are a total of 12,690 residential properties in the 07960.

Median Sales Price i

$1,075,000

(Feb 2024)

+44.3%

year-over-year

y-o-y

February '24 Feb '24 $1,075,000
January '24 Jan '24 $677,000
December '23 Dec '23 $730,000
November '23 Nov '23 $959,000
October '23 Oct '23 $765,000
September '23 Sep '23 $852,000
August '23 Aug '23 $724,500
July '23 Jul '23 $850,000
June '23 Jun '23 $787,515
May '23 May '23 $672,625
April '23 Apr '23 $1,114,500
March '23 Mar '23 $782,500

Median Down Payment i

$295,000

(Feb 2024)

+92.8%

year-over-year

y-o-y

February '24 Feb '24 $295,000
January '24 Jan '24 $108,200
December '23 Dec '23 $190,500
November '23 Nov '23 $230,000
October '23 Oct '23 $146,250
September '23 Sep '23 $181,450
August '23 Aug '23 $144,900
July '23 Jul '23 $190,000
June '23 Jun '23 $163,300
May '23 May '23 $97,500
April '23 Apr '23 $295,075
March '23 Mar '23 $172,000

Number of Homes Sold i

22

(Feb 2024)

-38.9%

year-over-year

y-o-y

February '24 Feb '24 22
January '24 Jan '24 43
December '23 Dec '23 47
November '23 Nov '23 32
October '23 Oct '23 42
September '23 Sep '23 62
August '23 Aug '23 59
July '23 Jul '23 50
June '23 Jun '23 45
May '23 May '23 45
April '23 Apr '23 23
March '23 Mar '23 40

Number of Purchase Loans i

15

(Feb 2024)

-28.6%

year-over-year

y-o-y

February '24 Feb '24 15
January '24 Jan '24 24
December '23 Dec '23 24
November '23 Nov '23 20
October '23 Oct '23 25
September '23 Sep '23 36
August '23 Aug '23 43
July '23 Jul '23 33
June '23 Jun '23 33
May '23 May '23 25
April '23 Apr '23 15
March '23 Mar '23 28

Number of REFI Loans i

13

(Feb 2024)

+85.7%

year-over-year

y-o-y

February '24 Feb '24 13
January '24 Jan '24 7
December '23 Dec '23 6
November '23 Nov '23 10
October '23 Oct '23 10
September '23 Sep '23 11
August '23 Aug '23 14
July '23 Jul '23 11
June '23 Jun '23 13
May '23 May '23 20
April '23 Apr '23 7
March '23 Mar '23 5

Number of HELOC Loans i

14

(Feb 2024)

-17.6%

year-over-year

y-o-y

February '24 Feb '24 14
January '24 Jan '24 17
December '23 Dec '23 17
November '23 Nov '23 14
October '23 Oct '23 19
September '23 Sep '23 14
August '23 Aug '23 21
July '23 Jul '23 18
June '23 Jun '23 11
May '23 May '23 18
April '23 Apr '23 10
March '23 Mar '23 26

Morristown, NJ 07960 Real Estate Market Overview

Last 30 days

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Morristown, NJ 07960 Foreclosure Activity

There were a total of 1 Morristown, NJ 07960 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

1

(Feb 2024)

-80%

year-over-year

y-o-y

February '24 Feb '24 1
January '24 Jan '24 1
December '23 Dec '23 1
November '23 Nov '23 2
October '23 Oct '23 9
September '23 Sep '23 2
August '23 Aug '23 3
July '23 Jul '23 2
June '23 Jun '23 2
May '23 May '23 1
April '23 Apr '23 3
March '23 Mar '23 5

Foreclosure Starts i

1

(Feb 2024)

-75%

year-over-year

y-o-y

February '24 Feb '24 1
January '24 Jan '24 1
December '23 Dec '23 1
November '23 Nov '23 1
October '23 Oct '23 3
September '23 Sep '23 2
August '23 Aug '23 2
July '23 Jul '23 1
June '23 Jun '23 1
May '23 May '23 1
April '23 Apr '23 2
March '23 Mar '23 3

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 N/A

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