Xome Value®
The estimated value of your home calculated using our proprietary formulas and various currently available property data.
1
The estimated value of your home calculated using our proprietary formulas and various currently available property data.
$609,825
-30%
Since Aug 2024
Range: $426,877-$792,772
Evaluated July 9, 2025
1 Year
5 Years
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Property Facts
38 Blue Mill Rd, Morristown, NJ is a single family home that contains 1,656 Sq. Ft. and was built in 1930. This home last sold for $385,000 on 6/30/2011.
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County:MORRIS
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Year Built:1930
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Living Area:1,656 Sq. Ft.
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Lot Size:69,696 Sq. Ft.
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Zone:R3R1
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Parcel:13 00016-0000-00024
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Bedrooms:-
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Bathrooms:-
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Owner:GUERRIERO, CAROL D
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Property History
Tax History
Year
Taxes
Total Assessment
2024
$4,840 (+2.3%)
$418,700 (0%)
2023
$4,731 (+1.81%)
$418,700 (0%)
2022
$4,647 (0%)
$418,700 (0%)
2021
$4,647 (0%)
$418,700 (0%)
2020
$4,647 (+29.08%)
$418,700 (+31.42%)
2019
$3,600 (+0.53%)
$318,600 (0%)
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Market Trends
Morristown
07960
Median Sold Price
The median sold price is the middle price of all the properties that have actually been sold within a specific period.
Using the median sold price can provide valuable insights into actual market transactions and buyer behavior.
Jul 2024
$835,000
Jun 2025
$879,000
Change
+5.3%
1 Year
2 Years
5 Years
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Median Sales Price Per Square Foot
Median Sales Price Per Square Foot provides a quick, high-level way to evaluate appreciation or depreciation of property
values over time in the selected area. Using the price per square foot can help you estimate a property's market value.
1 Year
2 Years
5 Years
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Average Days on Market
Average Days on Market represent the average number of days a property takes to sell. Using Average Days on Market
can help provide insights into the speed at which properties are selling in a particular area or market.
Jul 2024
66 Days
Jun 2025
55 Days
Change
-16.7%
1 Year
2 Years
5 Years
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Supply and Demand
The following chart shows the relationship between properties for sale (supply) and properties sold (demand) in the
specified market, where available.
For Sale
Sold
1 Year
2 Years
5 Years
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Months of Supply
This chart shows how many months it would take to sell the available inventory in the specified market. A higher Months of
Supply generally indicates a buyer's market while a lower Months of Supply generally indicates a seller's market.
1 Year
2 Years
5 Years
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Area Statistics
People
ZIP (07960)
City (Morristown)
Population
45,023
20,003
Population Density
1,285.9
6,876.3
People Per Household
2.5
2.2
Median Age
39.6
33.9
Median Household Income
$147,949
$112,570
Average Income
$80,366
$62,895
Economy
ZIP (07960)
City (Morristown)
Unemployment
2.50%
2.50%
Recent Job Growth
2.76%
2.76%
Future Job Growth
47.23%
47.23%
Sales Tax
6.63%
6.63%
Income Tax
5.53%
5.53%
Cost of Living Index
178.6
153.2
Environment
ZIP (07960)
City (Morristown)
Altitude
384
374
Rainfall (Inches Annually)
50.8
50.8
Snowfall (Inches Annually)
26.1
26.1
January Avg. Low Temp
19.6
19.6
July Avg. High Temp
84.8
84.8
Days of Precipitation Annually
114
114
Days Mostly Sunny Annually
206
209
Comfort Index (During Hot Weather)
7
7
Source: Sperling's Best Places
Nearby Schools
Rating
School Name
Grades
Distance
PK-8
0.8 mi
7-12
2.7 mi
K-8
2.9 mi
9-12
3.4 mi
Data provided by GreatSchools.org © 2025.
All rights reserved.
