$8,063 Closing Credit*
$679,000
4 Beds
•2 Full Baths
Maureen McSpirit, Listing Office: McSpirit & Beckett Real Estate
Is New Milford, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, New Milford has remained a Buyer's Market.
Key Takeaway
New Milford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Milford, NJ
How much do homes in New Milford, NJ cost?
Median Sold Price
$588,750
-
Based on all homes sold in August 2024.
Difference Since Last Month
-$33,745(-5.4%)
Key Takeaway
Homes in New Milford have sold for 5.4% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $574.9K | $562.5K | -2.2% |
| 3 Bedrooms | $670K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $615K | N/A |
Summary: New Milford housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Dumont | $542.7K | $651.2K | +20.0% |
| New Milford | $622.4K | $588.7K | -5.4% |
Housing Supply in New Milford, NJ
How many homes are available in New Milford, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Summary: The New Milford real estate market had 23 homes for sale in August 2024, a 27.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The New Milford housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Milford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in New Milford in August 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for New Milford, NJ
We’re sorry, we don't have information for this market at the moment
