Morris Plains Real Estate

Welcome to Morris Plains Homes NJ. Your one stop website for real estate information covering all you need to know about buying or selling a home in Morris Plains.

Hello, I am Robert "Bob" Sittmann, and I specialize in the Morris Plains Real Estate market. From this website you can search homes for sale in Morris Plains, see which homes sold each month, sign up to notified when homes are listed for sale and find out the value of your current home.

Don't forget to also check out the Morris Plains Real Estate blog to find out the latest news from around town. 

Homes Sold In Morris Plains Last Month

Each month I track every home, townhouse, townhome and condo, sold in Morris Plains NJ, via the GSMLS. I collect the street address in Morris Plains, the List Price (LP), the Sold Price (SP), the percentage difference between the Sold price and the List Price, (SP/LP%) and the days on the market it took the home to sell (DOM).

information deemed reliable but not guaranteed

Monthly Market Update

We have some good news in Morris Plains. Six homes closed in May. The average days on market before a contract was signed were 88 days. The average sales price was 394. This works out to about 94 percent of asking price. That is about a percentage point lower then in April but still not bad. What is really good news on the home front is that the in May, 6 homes went under contract and the average list price was 599,000. The average days on market for these homes, was only 35 days.

The absorption rate for homes priced over 500,000 dollars is only 3 months. While the average for all homes in Morris Plains is 5 months. Only one home under 500,000 has gone under contract in May. What does that mean? Well all the home owners that sold their smaller home have now out buying their next larger and higher priced homes. This bodes well for those homes priced higher then 500,000.

On the Macro side of things, US economic drivers continue to improve. On June 2nd we saw strong housing data as well as double digit auto sales growth. This morning the ADP jobless claims number showed a decline of 55,000 and weekly claims were off by 10,000. This was about what was expected. However the main driver to watch is will be the May Non-Farm Payroll numbers that are expected to be out later this week. The consensus is for a gain of 430,000 jobs. That is HUGE.



Bob Sittmann
Phone 862 222 4737
Fax 973 292 2545
bob_sittmann2004@yahoo.com
Yahoo IM bob_sittmann2004

Center Hall Colonial in Morris Plains

I have the inside track on a great looking Center Hall Colonial in Morris Plains, NJ. Click for more pictures this great home.

Give me a call at 862 222 4737 if you are interested in this property. This home is priced at 699,000. Call now if you want to see this baby.

About Morris Plains

The American Indians of the Lenape tribe were the earliest residents of Morris Plains. Dutch and English settlements popped up in 1685. Thomas Pierson built a saw mill beside Thomson’s Pond. The area became known as Watnong Plains and was sparsely populated for many years. Early industry consisted of small mills and forges that used the Watnong Brook for power.

Over the years Watnong Plains became known as the Plains of Morris and was centered on the “Five Corners“ area where Speedwell Avenue, Hanover Avenue and Mountain Way intersect. The Morris and Essex Railroad arrived in 1848. Development began in town in late 19th century as its location along the rail road and its close proximity to New York City and other urban areas made it attractive to wealthy commuters, they built large estates whose names remain with us today. Idlewild, Mayfair to name a few.

Read more about Morris Plains