$7,351 Closing Credit*
$619,000
2,265 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX INNOVATION
Is Milltown, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Milltown was a Seller's Market.
Key Takeaway
Milltown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Milltown, NJ
How much do homes in Milltown, NJ cost?
Median Sold Price
$550,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$82,000(+17.5%)
Key Takeaway
Homes in Milltown have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Milltown was $550,000 in October 2024, up 17.5% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $349K | $445.8K | +27.7% |
| 3 Bedrooms | $455K | $482.5K | +6.0% |
| 4 Bedrooms | $530K | $631K | +19.1% |
| 5+ Bedrooms | $863K | $839.3K | -2.7% |
Summary: Milltown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Milltown | $468K | $550K | +17.5% |
| North Brunswick | $425.5K | $468.8K | +10.2% |
| East Brunswick Township | $528.7K | $582K | +10.1% |
| North Brunswick Township | $427K | $470K | +10.1% |
| East Brunswick | $526.1K | $575.7K | +9.4% |
Housing Supply in Milltown, NJ
How many homes are available in Milltown, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Summary: The Milltown real estate market had 43 homes for sale in October 2024, a 13.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Milltown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Milltown in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 26 Days | -26.7% |
Summary: Homes in Milltown had an average of 26 days on market in Oct 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milltown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Milltown; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.