How much is land worth in Morris Plains, New Jersey?
For a typical parcel, the median sale price is $268K. Recently, the cheapest land sold for $268K while premium lots reached $268K.
Morris Plains, New Jersey Land Market Statistics
Comprehensive market data and analysis• Updated Oct 2026
Active Listings
2
Sold (12M)
1
Median Price
$268K
Market Condition
Balanced Market
Morris Plains, New Jersey Market Meter
Balanced Market
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
Market Overview
Median Price
$268K
Avg Price/Acre
-
Avg Days on Market
-
Months of Supply
6.0
YoY Price Change
-
New Listings (3M)
1
Land Market Data by Acreage
Data Type:
View:
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 0 | 1 |
📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.
Market Trends & Analysis
Inventory by Acreage (12 Months)
Sold
For Sale
0-1 acres0 sold / 1 listed
1-2 acres0 sold / 1 listed
2-5 acres1 sold / 0 listed
Median Price by Acreage
$0$150K$300K
2-
5
Acreage buckets
Key Market Indicators
Total Sales Volume
$268K
Last 12 months
Active Listings
2
Current inventory
Avg Days on Market
-
Time to sell
Price Trend (YoY)
-
Year over year
Morris Plains, New Jersey Land Market Analysis
Is now a good time to buy land in Morris Plains, New Jersey?
Morris Plains, New Jersey is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
What is the months of supply for land in Morris Plains, New Jersey?
Morris Plains, New Jersey currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
What is the median land price in Morris Plains, New Jersey?
The median land price in Morris Plains, New Jersey stands at $268K.
What is the total amount sold in Morris Plains, New Jersey last year?
Over the past 12 months, Morris Plains, New Jersey saw 1 properties sold, totaling $268K in sales volume. In just the last 3 months, 1 properties changed hands.
What is the absorption rate for land in Morris Plains, New Jersey?
The 3-month absorption rate in Morris Plains, New Jersey is 16.7%. The 12-month rate is 4.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Is now a good time to invest in land in Morris Plains, New Jersey?
The current absorption rate in Morris Plains, New Jersey is 16.7% (3-month basis), indicating strong demand.
Data Sources & Accuracy
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.
Land in Morris Plains
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