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Morris County, NJ
Morris County, New Jersey. Pinelands restrictions keep supply extremely tight.
Median $/acre
$30,714/ac
12-month change
+2.8%
Sales (12 mo)
38
Median days on market
183 d
Monthly absorption
11.1%
Median price per acre · 36 months
Recorded sales volume · monthly
Price per acre by tract size
| 0–5 ac | 48 listed | $26,973/ac |
| 5–20 ac | 20 listed | $30,324/ac |
| 20–50 ac | 10 listed | $27,070/ac |
| 50–100 ac | 11 listed | $17,626/ac |
| 100+ ac | 16 listed | $16,615/ac |
Most recent recorded sales
| NJ-241593 | 0.6 ac | $16,200 | $25,785/ac | 1031 exchange |
| NJ-259033 | 139.0 ac | $2.61M | $18,747/ac | 1031 exchange |
| NJ-802519 | 1.2 ac | $25,000 | $20,132/ac | Neighbor |
| NJ-296666 | 25.0 ac | $1.19M | $47,481/ac | Builder |
| NJ-383533 | 2.6 ac | $63,000 | $24,305/ac | 1031 exchange |
| NJ-205322 | 9.4 ac | $251,000 | $26,563/ac | 1031 exchange |
| NJ-415494 | 10.7 ac | $362,800 | $33,907/ac | Recreational buyer |
| NJ-434544 | 5.4 ac | $144,900 | $26,930/ac | Recreational buyer |