06/05/2026
📊 Morris County Market Update: May 2026 Single-Family Homes 🏡
The spring real estate market is moving fast! We’ve compiled the latest May 2026 data across key Morris County towns to give you a clear picture of what’s happening in your neighborhood.
⭐ FEATURED HIGHLIGHT: RANDOLPH ⭐
Randolph is seeing steady price growth and high buyer motivation, with homes moving faster than they did last year.
Avg / Median Price: $890K / $870K
Avg % of Asking: 105% (Properties are selling well over list!)
Sales / Contracts YTD: -12% / +10%
Days on Market: -7%
📉 REGIONAL MARKET BREAKDOWN
📍 Chester Township: Avg $1.0M | Median $999K | 104% Asking | Contracts YTD up 70% 🔥 | Days on Market -37%
📍 Denville: Avg $783K | Median $647K | 105% Asking | Sales YTD +11% | Contracts YTD +9% | Days on Market -7%
📍 Mendham Township: Avg $1.4M | Median $1.2M | 104% Asking | Sales YTD -19% | Contracts YTD -12% | Days on Market +48%
📍 Morris Plains: Avg $818K | Median $800K | 107% Asking 🚀 (Highest over list!) | Contracts YTD -14% | Days on Market -41%
📍 Morristown: Avg $841K | Median $842K | 104% Asking | Sales YTD -43% | Contracts YTD -33% | Days on Market -35%
📍 Roxbury: Avg $670K | Median $675K | 105% Asking | Sales YTD +9% | Contracts YTD up 54% 📈 | Days on Market +16%
💡 Key Takeaway: Inventory remains tight, driving the average percent of asking price up to 104%–107% across the board. If you are planning to sell, buyers are competitive and ready.
Thinking about making a move this summer? Let’s chat about what these numbers mean for you! 📩