Housing in Morris Plains, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$800,000
Median List Price
$255,000
Price Per Sq Ft
$375
Days on Market
80
Active Inventory
8
Months of Supply
1.6
Seller's market
Zillow Home Value
$709,565
ZHVI — January 2026
Zillow Rent Index
$3,340
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
60.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
101.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
5
New Listings
3
Pending Sales
4
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$375
Median List $/SF
$318
Morris Plains vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Morris Plains is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$609,700
Median Rent
$2,686
Total Housing Units
2,591
Vacancy Rate
2.6%
Owner Occupied
74.7%
Renter Occupied
25.3%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,402
Housing Types
The current median sale price in Morris Plains, NJ is $800,000 according to Redfin data. Homes spend a median of 80 days on the market. 60.0% of homes sold above asking price. The market has 1.6 months of supply. The median price per square foot is $375. Zillow's observed rent index is $3,340/month. About 74.7% of housing units are owner-occupied. The median year homes were built is 1962. There are 2,591 total housing units.