Is Millington, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millington is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Millington was a Seller's Market.

Key Takeaway

Millington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Millington, NJ

How much do homes in Millington, NJ cost?

Median Sold Price

$636,000

-

Based on all homes sold in December 2024.

Difference Since Last Month

-$264,000(-29.3%)

Key Takeaway

Homes in Millington have sold for 29.3% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 -$636K
N/A
4 $900K-
N/A
5+ $1.1M-
N/A

Summary: Millington housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Millington, NJ

How many homes are available in Millington, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
97-22.2%

Summary: The Millington real estate market had 7 homes for sale in December 2024, a 22.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 34
+33.3%
4 21
-50.0%
5+ 31
-66.7%

Summary: The Millington housing inventory by bedroom type for December 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 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millington, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Millington in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Millington, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Millington, NJ

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