Morris Plains, NJ housing market
The typical Morris Plains home is worth about $732,000, up 4.4% in a year, 26% above the New Jersey typical home. Homes typically sell in 14 days, a little above asking.
Home values, sales, trends and how Morris Plains compares with the towns next door — updated as new data is published.
Morris Plains at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Morris Plains | New Jersey |
|---|---|---|
| 2017 | $461,000 | $317,000 |
| 2018 | $472,000 | $330,000 |
| 2019 | $487,000 | $343,000 |
| 2020 | $493,000 | $358,000 |
| 2021 | $523,000 | $394,000 |
| 2022 | $557,000 | $441,000 |
| 2023 | $582,000 | $471,000 |
| 2024 | $646,000 | $511,000 |
| 2025 | $696,000 | $551,000 |
| 2026 | $714,000 | $568,000 |
| August 2026 | $732,000 | $580,000 |
4.7 years of income
The typical Morris Plains home costs about 4.7 years of the town's median household income, less than across New Jersey (5.6 years).
How Morris Plains ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.