Is Millville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Millville was a Seller's Market.
Key Takeaway
Millville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Millville, NJ
How much do homes in Millville, NJ cost?
Median Sold Price
$220,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Millville have sold for 10% more than they did a year ago.
Summary: The median home sold price in Millville was $220,000 in May 2024, up 10% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $116.7K | -13.5% |
| 2 Bedrooms | $160K | $173.4K | +8.4% |
| 3 Bedrooms | $207K | $225K | +8.7% |
| 4 Bedrooms | $230K | $249.9K | +8.7% |
| 5+ Bedrooms | $304.9K | $250K | -18.0% |
Summary: Millville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 18%.
Median Sold Price Compared To Nearby Cities
| Commercial Township | $163.7K | $187.9K | +14.8% |
| Millville | $199.9K | $220K | +10.0% |
| Lawrence Township | $273.5K | $225K | -17.7% |
Housing Supply in Millville, NJ
How many homes are available in Millville, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 157 | 150 | -4.5% |
Summary: The Millville real estate market had 150 homes for sale in May 2024, a 4.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 30 | 33 | +10.0% |
| 3 Bedrooms | 87 | 78 | -10.3% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Millville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 10 | -70.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millville, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Millville in May 2024, down by 70.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.
Days on Market for Millville, NJ
How long does it take to sell a home in Millville, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 44 Days | +27.8% |
Summary: Homes in Millville had an average of 44 days on market in May 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Millville; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.