Morristown NJ Real Estate Market Analysis

Posted by Susan Zanzonico on Wednesday, February 18th, 2009 at 1:46pm.

Morristown NJ Real Estate Statistics

August 2008 to January 31, 2009 This is interesting information that I pulled on Morristown NJ real estate from the NJ Garden State MLS. Its a detailed breakdown of statistical information on Morristown NJ real estate home sales during the past 6 months by bedroom.

Morristown NJ Real Estate 3 Bedroom Homes

Active Listings - 104 - Average list price $455,967 Average Under Contract Price $417,124 Morristown NJ real estate had 29 3 bedroom home sales during the last 6 months Morristown's average sale price on 3 bedrooms homes is $469,990 with 80 days on the market Morristown's sale to list price for a 3 bedroom home in the last 6 months is 94%

Morristown NJ Real Estate 4 Bedroom Homes

Active Listings - 35 - Average list price $495,717 Average Under Contract Price $547,360 Morristown NJ real estate had 13 - 4 bedroom home sales during the last 6 months Morristown's average sale price on 4 bedrooms homes is $525,000 with 98 days on the market Morristown's sale to list price for a 4 bedroom home in the last 6 months is 95%

Morristown NJ Real Estate 5 Bedroom Homes

Active Listings - 27 - Average list price $804,307 Average Under Contract Price $1,201,133 Morristown NJ real estate had 1 - 5 bedroom home sales during the last 6 months Morristown's average sale price on 5 bedrooms homes is $1,875,000 with 1875 days on the market Morristown's sale to list price for a 5 bedroom home in the last 6 months is 64% Morristown NJ real estate average home sale price for the last 6 months in total is $453,862 which is higher than the previous 6 months of March 2008 thru August 2008 which reflects an average home sale price of $414,230. Susan Zanzonico - Morristown NJ Realtor - Also specializing in Morris Township NJ Real Estate where you will find some of the larger homes with a little more land.