Is Millstone Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Millstone Township has remained a Neutral Market.
Housing Prices in Millstone Township, NJ
How much do homes in Millstone Township, NJ cost?
Median Sold Price
$876,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Millstone Township was $876,000 in April 2024, up 15.3% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $350K | $400K | +14.3% |
3 Bedrooms | $582K | $518.5K | -10.9% |
4 Bedrooms | $767.2K | $862.5K | +12.4% |
5+ Bedrooms | $937.5K | $1.2M | +28.0% |
Summary: Millstone Township 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 14.3%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 28%.
Median Sold Price Compared To Nearby Cities
Cream Ridge | $585K | $710K | +21.4% |
Millstone Township | $760K | $876K | +15.3% |
East Windsor Township | $401K | $420K | +4.7% |
Upper Freehold Township | $705K | $675K | -4.3% |
Housing Supply in Millstone Township, NJ
How many homes are available in Millstone Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 41 | +10.8% |
Summary: The Millstone Township real estate market had 41 homes for sale in April 2024, a 10.8% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Millstone Township 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Millstone Township in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Millstone Township, NJ
How long does it take to sell a home in Millstone Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 35 Days | +29.9% |
Summary: Homes in Millstone Township had an average of 35 days on market in Apr 2024, up by 29.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Millstone Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.