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Foreclosure Homes in Morris Plains, NJ 07950

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Morris Plains, NJ Foreclosures

How much do homes sell for in Morris Plains, NJ?
The average home price is currently $712,836.
In Morris Plains, NJ, how many homes are available?
There are currently 84 active home listings available in Morris Plains.
What’s the average rental cost in Morris Plains, NJ?
The average rental price in Morris Plains is $2,660.
What is the most expensive home in Morris Plains?
The most expensive home sold in Morris Plains had a price of $59,353,520.
What is currently the cheapest priced home in Morris Plains, NJ?
The cheapest home for sale in Morris Plains is priced at $59,453.

Living in Morris Plains, NJ

Morris Plains, NJ, is a quaint borough in Morris County, characterized by its friendly community and attractive suburban charm. With excellent schools and a strategic location, it offers residents a comfortable living experience while being just a short commute away from New York City. Outdoor enthusiasts will also appreciate the close proximity to various parks and recreational facilities.

Current Market Conditions in Morris Plains, NJ

The real estate market in Morris Plains is currently experiencing a steady demand, driven by families looking for quality schooling options and the appealing nature of the community. Home prices have shown moderate increases, reflecting buyer interest and a limited inventory of properties. With its desirable location and small-town vibe, Morris Plains remains competitive in the regional market.

Home Value Estimator For Morris Plains, NJ

There are currently 7,177 real estate properties in Morris Plains, NJ, with a median automated valuation model (AVM) price of $717,527.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Morris Plains, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Morris Plains, NJ, is $712,836.00, with the most expensive house in Morris Plains, NJ, topping out at $59,353,520.00 and the cheapest home in Morris Plains, NJ, clocking in at $59,453.00. In other words, there’s something for every potential homebuyer or savvy investor in Morris Plains, NJ!

Rent Prices In Morris Plains, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morris Plains, NJ, is on a rollercoaster ride. The average rent price in Morris Plains, NJ, is $2,660.00. Indeed, when looking to rent in Morris Plains, NJ, you can expect to pay as little as $1,290.00 or as much as $5,860.00, with the average rent median estimated to be $2,660.00. The good news is that finding an affordable and desirable property to rent in Morris Plains, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Morris Plains, NJ 07950 Foreclosures


Market Trend for Morris Plains, NJ

Total Listings Available: 84

Market Values:

Home Prices from $59,453 to $59,353,520

Average Sales Price: $712,836

Rental Values:

Rental from $1,290 to $5,860

Average Rent Value: $2,660 / month

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