Morris and Middlesex Counties
Morris County
Single Family Homes for November
Key Metrics 2022 2023 Change
New Listings 282 273 – 3.2%
Closed Sales 304 277 – 8.9%
DOM* 39 29 – 25.6%
Median PX $675K $665K + 15.7%
% of PX 100.6% 104.1% + 3.5%
Inventory 770 512 – 33.5%
Months Supply 2.2 1.7 – 15.0%
*Days on Market
Middlesex County
Single Family Homes for November
Key Metrics 2022 2023 Change
New Listings 391 342 – 12.5%
Closed Sales 356 323 – 9.3%
DOM* 42 36 – 14.3%
Median PX $470K $510K + 8.5%
% PX Rec’d 101.6% 104.5% + 3.9%
Inventory 1,719 1,003 – 41.7%
Month Supply 3.2 2.5 – 21.9%
*Days on Market
- Morris & Middlesex County November Sales: These are the reported figures from the New Jersey Realtor site, which provides key metrics and statistics on the single-family home market in Morris and Middlesex counties for November 2023, such as new listings, closed sales, median price, inventory, and months supply. The months supply for both Morris and Middlesex counties fell significantly, creating a massive shortage for buyers. In addition, the median price for a single-family home in Morris County skyrocketed nearly 16% year-over-year, while the median price for a single-family home increased by 8.5%, compared to 2022.
- Comparison between 2022 and 2023: The data from November 2022 and November 2023, and shows the percentage change for each metric. In general, trends and patterns within the market, such as the decrease in inventory and days on market, reflected an increase in median price and percentage of price received.