Is Milltown, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Milltown was a Neutral Market.
Key Takeaway
Milltown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milltown, NJ
How much do homes in Milltown, NJ cost?
Median Sold Price
$505,250
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milltown have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Milltown was $505,250 in April 2024, up 14.8% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $365K | $375.9K | +3.0% |
| 3 Bedrooms | $419.5K | $457K | +8.9% |
| 4 Bedrooms | $460K | $540K | +17.4% |
| 5+ Bedrooms | $740K | $940K | +27.0% |
Summary: Milltown 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 3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
| East Brunswick Township | $482.8K | $556.4K | +15.3% |
| Milltown | $440K | $505.2K | +14.8% |
| East Brunswick | $482K | $549.9K | +14.1% |
| North Brunswick | $406.2K | $453K | +11.5% |
| North Brunswick Township | $408.3K | $453K | +10.9% |
Housing Supply in Milltown, NJ
How many homes are available in Milltown, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Summary: The Milltown real estate market had 25 homes for sale in April 2024, a 47.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 6 | 13 | +116.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Milltown 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 12.5%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milltown, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Milltown in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Milltown, NJ
How long does it take to sell a home in Milltown, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 39 Days | +118.9% |
Summary: Homes in Milltown had an average of 39 days on market in Apr 2024, up by 118.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Milltown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Milltown; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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.