Housing Prices in New Milford, NJ
How much do homes in New Milford, NJ cost?
Median List Price
$649,000
$347/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in New Milford has increased by 14.1% since last year.
Summary: The median home list price in New Milford was $649,000 in April 2024, up 14.1% from the previous year, and the median price per square foot was $347.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $530K | $588K | +10.9% |
| 3 Bedrooms | $499K | $649K | +30.1% |
| 4 Bedrooms | $582.4K | $594.4K | +2.1% |
| 5+ Bedrooms | $675K | $774.9K | +14.8% |
Summary: New Milford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 30.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 14.8%.
Median List Price Compared To Nearby Cities
| Oradell | $711K | $869K | +22.2% |
| Bergenfield | $479.9K | $549.9K | +14.6% |
| New Milford | $569K | $649K | +14.1% |
| Dumont | $525K | $519.5K | -1.0% |
| River Edge | $889K | $709.5K | -20.2% |
Housing Supply in New Milford, NJ
How many homes are available in New Milford, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 23 | +76.9% |
Summary: The New Milford real estate market had 23 homes for sale in April 2024, a 76.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The New Milford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 25%.
Days on Market for New Milford, NJ
How long does it take to sell a home in New Milford, NJ?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 56 Days | -12.2% |
Summary: Homes in New Milford had an average listing age of 56 days in Apr 2024, down by 12.2% compared to the previous year.
