Why Live in Morristown
Morristown, NJ, a historic city surrounded by Morris Township, offers a blend of Revolutionary War history, vibrant nightlife, and a strong local economy. With over 20,000 residents and a median age of 34, Morristown features cultural attractions like statues and the Gothic Revival St. Peter’s Episcopal Church. The Morristown Medical Center, employing over 5,000 people, anchors the local economy alongside manufacturers and engineering firms like Honeywell and the Louis Berger Group. Housing options range from refurbished historic homes to high-rise condos, with styles including colonial, split-level, and Cape Cod. The Morristown School District is highly rated, serving over 5,500 students with a favorable student-teacher ratio. The Green, a central gathering spot, hosts events like the annual Festival on the Green and a Christmas festival. Nearby lakes such as Lake Parsippany offer recreational opportunities. Nightlife includes historic venues like Jockey Hollow Bar & Kitchen and modern spots like Ironbar. The downtown train station provides convenient access to New York City, just over 30 miles away, while major corridors like U.S. Route 202 and Interstate 287 facilitate local travel. Morristown boasts lower crime rates compared to nearby cities, with significant decreases in both violent and property crimes from 2022 to 2023.
Home Trends in Morristown, NJ
On average, homes in Morristown, NJ sell after 46 days on the market compared to the national average of 70 days. The median sale price for homes in Morristown, NJ over the last 12 months is $1,100,000, up 136% from the median home sale price over the previous 12 months.
Median Sale Price
$1,100,000
Median Single Family Sale Price
$1,825,000
Median Townhouse Sale Price
$932,500
Median 1 Bedroom Sale Price
$477,000
Average Price Per Sq Ft
$444
Number of Homes for Sale
4
Last 12 months Home Sales
75
Median List Price
$975,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
136%