Morris County Real Estate Market Update – November 2025

The Morris County real estate market continues to show strength as we head into the end of 2025. With rising home values, tight inventory, and improving mortgage rates, both buyers and sellers need a clear strategy to succeed. Below is a detailed Morris County market snapshot through November 2025, breaking down prices, inventory, mortgage rates, and expert strategies.

Morris County Home Prices Continue to Rise

The median home price in Morris County is now $750,000, reflecting the county’s continued upward trajectory.

• Year-over-Year Price Increase: 8.5%

• Historical Average Appreciation: 4–5%

Morris County home values are appreciating well above historical norms, driven by consistent buyer demand and limited housing supply. This keeps upward pressure on prices across towns throughout the county.

Days on Market in Morris County: What Sellers Need to Know

• Average Days on Market: 31 days

Homes that are priced correctly from day one are often selling within the first 7–14 days. Properties that miss the mark tend to sit longer, which increases the overall average.

The takeaway: pricing strategy matters more than ever in today’s Morris County housing market.

Morris County Housing Inventory Remains Historically Low

Inventory continues to be one of the biggest drivers of the market.

• Active Listings: 525 homes

• Inventory Decline (YoY): –19%

• Months of Supply: 1.71 months

For perspective, before COVID (2019), Morris County had roughly 1,200 homes on the market. Today’s inventory is only about 45% of pre-pandemic levels.

Anything below 4 months of supply is considered a seller’s market. At 1.71 months, Morris County is firmly in a severe seller’s market, especially for well-prepared, well-located homes.

Mortgage Rates in Morris County: Best Opportunity Since 2022

There is good news on the financing side.

• Current Mortgage Rates: ~6.21%

• Lowest Levels Since: 2022

Lower rates are giving buyers more purchasing power, and ongoing discussions about future rate cuts could improve affordability even further in 2026. While no one has a crystal ball, today’s rates represent a rare window of opportunity compared to recent years.

Selling a Home in Morris County: Strategy Matters

In a low-inventory market, preparation pays premium dollars.

Successful sellers focus on:

• Strategic pricing from day one

• Professional staging and photography

• Pre-listing guidance to maximize appeal

• Strong negotiation and representation

Well-prepared homes stand out dramatically and are more likely to attract multiple offers and top-dollar results.

Buying a Home in Morris County: Where the Opportunities Are

For buyers, opportunities still exist — especially if you know where to look.

Smart buyer strategies include:

• Targeting homes on the market 30+ days

• Focusing on overpriced or stale listings

• Getting fully pre-approved

• Locking in today’s rate with the option to refinance later

With slightly less competition heading into the holidays, prepared buyers may find better negotiating leverage than earlier in the year.

Is Morris County Still a Seller’s Market?

Yes — but with nuance.

• Prices are up

• Inventory is tight

• Demand remains strong

Morris County remains a seller’s market, but prepared buyers can still win with the right guidance, timing, and strategy.

Final Thoughts on the Morris County Real Estate Market

The Morris County housing market remains strong heading into the end of 2025. With home prices rising, inventory constrained, and mortgage rates at their lowest in three years, strategy is the deciding factor for success.

Whether you’re buying or selling, timing and execution make all the difference.

If you’re thinking about making a move in Morris County, now is the time to talk strategy.

📞 Call or text: 973-798-9539