Is Millville, 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, Millville has remained 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 April 2023
Summary: The median home sold price in Millville was $215,000 in April 2024, up 7.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $175K | +45.8% |
2 Bedrooms | $162K | $167.5K | +3.4% |
3 Bedrooms | $207K | $225K | +8.7% |
4 Bedrooms | $222.5K | $258.9K | +16.4% |
5+ Bedrooms | $289.9K | $260K | -10.3% |
Summary: Millville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.8%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Cities
Commercial Township | $162.4K | $188K | +15.7% |
Millville | $200K | $215K | +7.5% |
Deerfield Township | $270K | $260K | -3.7% |
Housing Supply in Millville, NJ
How many homes are available in Millville, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
146 | 152 | +4.1% |
Summary: The Millville real estate market had 152 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 84 | 86 | +2.4% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Millville 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 3.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 33 | +37.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Millville in April 2024, up by 37.5% month-over-month. Of the 32 sold homes, 38% were sold under asking, 22% were sold at asking, and 41% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 40 Days | -1.2% |
Summary: Homes in Millville had an average of 40 days on market in Apr 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Millville; 39% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.