07945 — Morris County, New Jersey Market Snapshot
Housing market data for zip code 07945 in Morris County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
25 sales in 2026 (year to date)
Median Sale Price
$1,275,000
Days to Sell
14
Homes Sold
25
Inventory
17
Sale-to-List
108.7%
New Listings
47
Price/SqFt
$439
Pending Sales
36
Jumbo Loan Likely Needed
The median home in 07945 at $1,275,000 exceeds the 2026 conforming loan limit of $1,209,750 by $65,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
Homes in 07945 are moving quickly at 14 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 07945 are selling 8.7% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
The median home in 07945 at $1,275,000 exceeds the 2026 conforming loan limit of $1,209,750 by $65,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 07945 are set at the county level.
2026 Loan Limits — Morris County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 07945
To purchase the median home at $1,275,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $9,919.
Monthly Payment
$9,919
Income Required
$425,085
Principal & Interest
$7,856/mo
Down Payment (5%)
$63,750
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 07945.
Estimated Monthly Payment
$8,041
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