Comprehensive market data and analysis• Updated Dec 2025
9.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 11 | 35 | 73 |
| 1-2 acres | - | 2 | 6 | 11 |
| 2-5 acres | - | 3 | 5 | 16 |
| 5-10 acres | - | 2 | 6 | 9 |
| 10-20 acres | - | - | 2 | 7 |
| 20-50 acres | - | 1 | 1 | 3 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 19 | 55 | 119 |
Acreage buckets
The median price for land in Morris County, New Jersey is currently $444K per acre. For a typical parcel, the median sale price is $369K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $66K while premium lots reached $1.1M.
Morris County, New Jersey is currently a buyer's market with 9.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 2.0% year-over-year.
Morris County, New Jersey currently has 9.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Morris County, New Jersey is 11.1%. The 12-month rate is 19.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 72 active listings in Morris County, New Jersey. 32 new listings have hit the market in the last 90 days. The median asking price is $305K.
The median land price in Morris County, New Jersey stands at $369K. This translates to roughly $444K per acre for the typical parcel size. The average price is $633K, indicating some higher-priced properties pulling up the average.
Land in Morris County, New Jersey typically sells within 67 days of listing. The median time on market is 33 days. Properties are moving at a moderate pace in the current buyer's 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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
