$425,000
3 bd1 ba1,780 sqft
43 Drakesdale Rd
Specific data for this location is not currently available. The data shown is for the surrounding area.
Morris County, NJ Housing Market
$709,718
4.0% 1-yrThe average Morris County, NJ home value is $709,718, up 4.0% over the past year, and homes go to pending in around 18 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Morris County Key Takeaways
Typical Home Values: $709,718
1-Year Value Change: +4%
(Data through August 31, 2026)
Morris County Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 1,316 ()
New Listings: 524 ()
Median Sale to List Ratio: 1.049 ()
Median Sale Price: $724,000 ()
Median List Price: $680,500 ()
Percent of Sales Over List Price: 75.5% ()
Percent of Sales Under List Price: 16.6% ()
Median Days to Pending: 18 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Regions
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Morris County Rental Market Trends
Average Rent: $2,866 ()
National Average Rent: $1,948 ()
Month-Over-Month Change: -0.1% ()
Year-Over-Year Change: 1.1% ()
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Morris County, NJ?
The median home value in Morris County, NJ is $709,718 as of August 2026. This represents a 0.2% increase compared to last month and a 4.0% increase year-over-year.
How do home values in Morris County, NJ compare to New Jersey and the national average?
The median home value in Morris County, NJ ($709,718) compares to New Jersey ($580,353) and the U.S. national median ($368,697).
What are the top cities in Morris County, NJ by home value?
The cities with the highest median home values in Morris County, NJ include: Chatham ($1,387,193), Mountain Lakes ($1,243,807), Florham Park ($1,076,421), Madison ($1,045,392), Pine Brook ($933,005). These cities represent the most expensive areas within the county.
