Comprehensive market data and analysis• Updated Dec 2025
1.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 3 | 4 | 5 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 2 |
| 5-10 acres | - | 1 | 2 | 2 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 4 | 6 | 10 |
Acreage buckets
The median price for land in Morristown, New Jersey is currently $322K per acre. For a typical parcel, the median sale price is $390K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $255K while premium lots reached $1.3M.
Morristown, New Jersey is currently a very hot seller's market with 1.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Morristown, New Jersey currently has 1.0 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
The median land price in Morristown, New Jersey stands at $390K. This translates to roughly $322K per acre for the typical parcel size. The average price is $679K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Morristown, New Jersey is 100.0%. The 12-month rate is 50.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Morristown, New Jersey saw 12 properties sold, totaling $8.1M in sales volume. In just the last 3 months, 6 properties changed hands.
Land in Morristown, New Jersey averages $579K per acre. The median price per acre is $322K, which may be more representative of typical transactions. Most parcels sold are around 2.3 acres.
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.
