Morris Township recorded 235 residential sales over the past twelve months at a median of $956,000, and the notable thing is how closely its price bands agree with one another. Every bedroom tier. From the $595,000 two-bedrooms up to the $1,520,000 five-bedroom houses. Closed between 102% and 109% of list price. The largest band is also the strongest: 81 sales around $999,999 at 109% of list in 23 days. This is a broad, steady, competitive market rather than one with a soft end and a hot end, and it should be priced that way. Ryan Horvath is an agent with Prominent Properties Sotheby’s International Realty and a former licensed New Jersey general contractor, and he reads these tiers house by house rather than off a single town-wide ratio.
Morris Township is not Morristown. They are two separate municipalities, and the Township wraps around the Town on nearly every side, which makes this the most confused pair of addresses in the county. Morristown is the county seat; it recorded 101 sales at a median of $665,000 and 104% of list over the same twelve months. Morris Township recorded 235 sales at $956,000 and 106% of list. Same mailing address in many cases, same school district, two genuinely different markets.
Data sourced from the Garden State MLS (GSMLS), August 2025 through July 2026.
Two hundred thirty-five sales is a large enough sample that each price band stands on its own. Here is what each one actually did.
| Bedrooms | Sales | Median sale | Avg days | Sale-to-list |
|---|---|---|---|---|
| 1 | 7 | $329,000 | 26 | 102% |
| 2 | 30 | $595,000 | 23 | 103% |
| 3 | 70 | $865,000 | 25 | 105% |
| 4 | 81 | $999,999 | 23 | 109% |
| 5+ | 47 | $1,520,000 | 21 | 105% |
| Town total | 235 | $956,000 | 23 | 106% |
The market here turns on $999,999. Eighty-one homes. More than a third of everything that sold in the township. Traded at that median, and they did it at 109% of list in 23 days. That is the highest sale-to-list ratio of any band in Morris Township, and it belongs to the biggest band, which is unusual. In most towns the strongest ratio hides in a thin tier of eight or ten sales. Here it is the main event, and a seller in that range should expect real competition rather than hope for it.
Directly beneath it, houses around $865,000. 70 sales, the second-largest group. Closed at 105% of list in 25 days. Above it, $1,520,000 houses closed at 105% in 21 days, the fastest average in the township despite being the most expensive segment. The upper end here is not sitting; 47 sales at that level moved quicker than the entry-level stock did.
The entry point is $595,000, where 30 sales closed at 103% of list in 23 days. That is the softest ratio of any meaningful tier, and it is still three points over asking. Nothing in this dataset supports the idea that Morris Township has a weak price band. The spread from top to bottom is six percentage points, which is about as tight as a 235-sale market gets.
Budget above list at every price point. There is no bargain tier here to retreat into. If you are shopping the $999,999 four-bedroom band, understand that you have picked the single most competitive segment in the township. 109% of list in 23 days means multiple offers are normal, not exceptional, and an offer written at asking is a spectator ticket. If your budget is nearer $595,000 or $865,000, the pressure is slightly lower but the direction is the same: 103% and 105% respectively. Plan on writing clean, moving fast, and knowing your renovation numbers before you write, because at these ratios there is no room to discover a $90,000 problem after inspection.
The tiers agree with each other, so the town-wide 106% is actually usable here, which is not true in every town. Price to the band your house genuinely sits in and expect the market to come to you inside a month. If you are at or near $999,999 with four bedrooms, you are in the strongest position in the township and your pricing strategy should be built around generating competition rather than around finding a single buyer. If you are at the upper end, above $1,500,000, do not assume slowness: that band averaged 21 days. Overpricing is the main risk on this page. A market that closes 6% over list in 23 days punishes a listing that starts 15% high, because the first two weeks are where the competition happens.
Under a million dollars in Morris Township, two very different things can happen to a dated house, and lot size decides which. On a smaller lot, a home needing significant work gets no premium. It draws owner-occupiers who are pricing the renovation against their own budget, it sits, and it sells at or below asking. That is the quieter half of the $595,000 and $865,000 bands.
On a half acre or more, the same house is a completely different asset. It becomes a builder target, and the buyer is paying for the land rather than for the house standing on it. In a township where the four-bedroom band clears $999,999 and five-bedroom houses run to $1,520,000, the arithmetic on a teardown lot works easily, and builders here know it. Owners in that position are routinely priced off tired-house comparables and never find out what the land was worth.
Having a vendor network that will put a real number on the work, and whether a lot carries builder value or only house value. Is the difference between those two outcomes. It is the first thing to establish before a dated Morris Township house goes on the market, not something to discover from the offers.
Against its own county seat, Morris Township is the more expensive of the pair: $956,000 and 106% of list versus Morristown’s $665,000 and 104%. Denville is the closest thing to a cheaper alternative with a similar feel, at a $700,000 median and 104% of list, and it moves at a comparable pace. Long Hill, to the south, runs $806,000 and 105%. A smaller market but priced almost identically per tier.
Above Morris Township, Madison sits at a $1,300,000 median and 106% of list, and Chatham Township at $1,620,000 and 105%. Both are hotter on price and no hotter on competitiveness. Morris Township’s 106% matches Madison’s exactly. Harding, immediately to the south, reads $1,445,000 but only 101% of list across 33 sales, a very different and much thinner market. If you want the competitive intensity of Madison without the Madison median, Morris Township is the trade, and the $999,999 band is where that trade actually happens.
Morris Township is served by NJ Transit’s Morris & Essex Lines. Convent Station sits within the township, and Morristown station is immediately adjacent in the Town of Morristown. Both run east toward Newark Broad Street and Hoboken, with Midtown Direct service to New York Penn Station. Which station a given house is closest to is worth checking address by address, since the township wraps the town and the practical walk or drive changes considerably across it.
Morris Township is served by the Morris School District, a consolidated district that Morris Township shares with the Town of Morristown. Students from both municipalities attend Morristown High School. This shared district is one reason the two markets are so often confused with one another, and it is worth understanding that a shared school district does not mean shared pricing.
Morris Township surrounds Morristown, which gives it an unusual shape and an unusually varied housing stock. Convent Station, in the eastern part of the township, is home to Saint Elizabeth University and has older houses built around the rail station. Elsewhere the township runs to substantial postwar and later subdivisions, and toward its southern edge, near Harding, to larger parcels and estate lots. Much of Morristown National Historical Park, including the Jockey Hollow area, lies within or adjoins the township, and Fosterfields Living Historical Farm is here as well. The practical effect for a buyer is that Morris Township offers proximity to a walkable county seat without being inside it, and that the character of a street can change a great deal within a mile.
The median sale price in Morris Township was $956,000 across 235 residential sales recorded in the Garden State MLS between August 2025 and July 2026. By bedroom count the medians ran $595,000 for two-bedroom homes, $865,000 for three-bedroom, $999,999 for four-bedroom, and $1,520,000 for five-bedroom and larger.
A seller’s market, and consistently so. Homes sold at 106% of list price in an average of 23 days, and every bedroom tier without exception closed above list. From 102% at the low end to 109% in the four-bedroom band. Unlike some neighbouring towns, there is no segment here where the numbers favour the buyer.
Twenty-three days on average across all 235 sales. The pace is remarkably even by price: 23 days at the $595,000 entry point, 25 days at $865,000, 23 days at $999,999, and 21 days at $1,520,000. The most expensive band was actually the quickest.
A four-bedroom house, and it is the busiest transaction in the township. Eighty-one four-bedroom homes sold at a median of $999,999, closing at 109% of list in 23 days. Buyers at that number should expect competition as the default condition of the search rather than as bad luck.
Sales above $1,000,000 in Morris Township trigger New Jersey’s Graduated Percent Fee, formerly the “mansion tax.” Since July 10, 2025 it is paid by the seller rather than the buyer, starting at 1% of the entire sale price and rising with price. Because the rate steps up at fixed thresholds, a sale crossing one by a small margin can cost more than it gains. See the New Jersey mansion tax seller’s guide for the brackets and where the thresholds fall.
Market data derived from Garden State MLS (GSMLS), August 2025 through July 2026. Statistics reflect residential sales and are not a guarantee of future results.
Buying, selling, or just curious what the numbers say. Call me.