$750,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: KELLER WILLIAMS ELITE REALTORS
October 2024
Report Updated 6 Days Ago
Is Morris Plains, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Morris Plains has remained a Seller's Market.
How much do homes in Morris Plains, NJ cost?
$721,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in Morris Plains was $721,000 in October 2024, up 13.5% from last year, and the median price per square foot was $356.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $343.7K | +9.1% |
2 Bedrooms | $520.7K | $565K | +8.5% |
3 Bedrooms | $626K | $725.1K | +15.8% |
4 Bedrooms | $720K | $757.5K | +5.2% |
5+ Bedrooms | $906.5K | $975K | +7.6% |
Summary: Morris Plains housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.6%.
Parsippany | $600K | $701.5K | +16.9% |
Parsippany-Troy Hills Township | $564.5K | $655K | +16.0% |
Morris Plains | $635K | $721K | +13.5% |
Hanover Township | $580K | $650K | +12.1% |
How many homes are available in Morris Plains, NJ?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
59 | 75 | +27.1% |
Summary: The Morris Plains real estate market had 75 homes for sale in October 2024, a 27.1% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 7 | 13 | +85.7% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 15 | 20 | +33.3% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Morris Plains housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 85.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Morris Plains in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
How long does it take to sell a home in Morris Plains, NJ?
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During October 2024, 14 homes were sold in Morris Plains; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 6 Days Ago
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MLS Disclaimers and Copyright
Based on information from Garden State MLS, and New Jersey MLS for the period 11/01/2022 - 11/01/2024
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/7/2024, 12:55:46 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2024 New Jersey Multiple Listing Service, Inc. All rights reserved.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/7/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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