Comprehensive market data and analysis• Updated Oct 2026
7.6 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 20 | 43 | 80 |
| 1-2 acres | 1 | 5 | 8 | 17 |
| 2-5 acres | - | 1 | 6 | 11 |
| 5-10 acres | 1 | 1 | 5 | 12 |
| 10-20 acres | - | 4 | 6 | 10 |
| 20-50 acres | 1 | 2 | 3 | 5 |
| 50-100 acres | - | - | 1 | 1 |
| 100+ acres | - | - | 1 | 3 |
| TOTAL | 3 | 33 | 73 | 139 |
Acreage buckets
The median price for land in Morris County, New Jersey is currently $442K per acre. For a typical parcel, the median sale price is $550K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $83K while premium lots reached $1.6M.
Morris County, New Jersey is currently a balanced market with 7.6 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have increased 44.2% year-over-year.
Morris County, New Jersey currently has 7.6 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The 3-month absorption rate in Morris County, New Jersey is 13.1%. The 12-month rate is 15.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 99 active listings in Morris County, New Jersey. 35 new listings have hit the market in the last 90 days. The median asking price is $450K.
The median land price in Morris County, New Jersey stands at $550K. This translates to roughly $442K per acre for the typical parcel size. The average price is $1.3M, indicating some higher-priced properties pulling up the average.
Land in Morris County, New Jersey typically sells within 113 days of listing. The median time on market is 60 days. Properties are moving at a moderate pace in the current balanced market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Morris County on LandyDandy.
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