Is Millville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Millville was a Seller's Market.
Housing Prices in Millville, NJ
How much do homes in Millville, NJ cost?
Median Sold Price
$215,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Millville was $215,000 in March 2024, up 7.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $175K | +45.8% |
2 Bedrooms | $163K | $160K | -1.8% |
3 Bedrooms | $202K | $225K | +11.4% |
4 Bedrooms | $215K | $265K | +23.3% |
5+ Bedrooms | $304.9K | $270K | -11.5% |
Summary: Millville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.8%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
Millville | $199.9K | $215K | +7.6% |
Lawrence Township | $262K | $225K | -14.1% |
Housing Supply in Millville, NJ
How many homes are available in Millville, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
254 | 266 | +4.7% |
Summary: The Millville real estate market had 266 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 43 | 49 | +14.0% |
3 Bedrooms | 145 | 154 | +6.2% |
4 Bedrooms | 44 | 42 | -4.5% |
5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Millville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Millville in March 2024, the same as the previous month. Of the 20 sold homes, 30% were sold under asking, 15% were sold at asking, and 55% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 37 Days | -29.1% |
Summary: Homes in Millville had an average of 37 days on market in Mar 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Millville; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.