Morris and Middlesex Counties
Morris County
Single Family Homes for November
Key Metrics 2023 2024 Change
New Listings 273 234 – 14.3%
Closed Sales 278 267 – 4.0%
DOM* 29 27 – 6.9%
Median PX $663K $720K + 8.7%
% of PX 104.2% 105.0% + 0.8%
Inventory 591 501 – 15.4%
Months Supply 2.0 1.6 – 20.0%
*Days on Market
Middlesex County
Single Family Homes for November
Key Metrics 2023 2024 Change
New Listings 344 259 + 4.4%
Closed Sales 329 341 + 3.6%
DOM* 37 36 – 2.7%
Median PX $515K $571K + 10.9%
% PX Rec’d 104.4% 102.9% – 1.4%
Inventory 1,141 1,023 – 10.3%
Month Supply 3.1 2.7 – 12.9%
*Days on Market
Morris County
- New Listings: Decreased by 14.3% (273 in 2023 to 234 in 2024)
- Closed Sales: Decreased by 4.0% (278 in 2023 to 267 in 2024)
- Days on Market (DOM): Decreased by 6.9% (29 days in 2023 to 27 days in 2024)
- Median Price: Increased by 8.7% ($663K in 2023 to $720K in 2024)
- Percentage of Price Received: Increased by 0.8% (104.2% in 2023 to 105.0% in 2024)
- Inventory: Decreased by 15.4% (591 in 2023 to 501 in 2024)
- Months Supply: Decreased by 20.0% (2.0 months in 2023 to 1.6 months in 2024)
Middlesex County
- New Listings: Decreased by 24.7% (344 in 2023 to 259 in 2024)
- Closed Sales: Increased by 3.6% (329 in 2023 to 341 in 2024)
- Days on Market (DOM): Decreased by 2.7% (37 days in 2023 to 36 days in 2024)
- Median Price: Increased by 10.9% ($515K in 2023 to $571K in 2024)
- Percentage of Price Received: Decreased by 1.4% (104.4% in 2023 to 102.9% in 2024)
- Inventory: Decreased by 10.3% (1,141 in 2023 to 1,023 in 2024)
- Months Supply: Decreased by 12.9% (3.1 months in 2023 to 2.7 months in 2024)