Comprehensive market data and analysis• Updated Dec 2025
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 1 | 2 |
Acreage buckets
The median price for land in Morris Plains, New Jersey is currently $1.2M per acre. For a typical parcel, the median sale price is $308K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $302K while premium lots reached $314K.
The median land price in Morris Plains, New Jersey stands at $308K. This translates to roughly $1.2M per acre for the typical parcel size.
Land in Morris Plains, New Jersey averages $1.2M per acre. The median price per acre is $1.2M, which may be more representative of typical transactions. Most parcels sold are around 1.3 acres.
Over the past 12 months, Morris Plains, New Jersey saw 2 properties sold, totaling $615K in sales volume.
The 12-month rate is 100.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The top-performing broker in this market is Coldwell Banker Realty.
Land in Morris Plains, New Jersey typically sells within 46 days of listing. The median time on market is 46 days. Properties are moving quickly.
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.
