$5,938 Closing Credit*
$500,000
4 Beds
•3 Full Baths
Thomas Russo, Listing Office: RE/MAX SELECT - Oakland
Housing Prices in New Milford, NJ
How much do homes in New Milford, NJ cost?
Median List Price
$650,000
$339/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
+$51,000(+8.5%)
Key Takeaway
The list price of homes in New Milford has increased by 8.5% since last year.
Summary: The median home list price in New Milford was $650,000 in November 2024, up 8.5% from the previous year, and the median price per square foot was $339.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | - | $549.9K | N/A |
| 3 Bedrooms | $699.9K | $662K | -5.4% |
| 4 Bedrooms | $580K | $650K | +12.1% |
| 5+ Bedrooms | $694.9K | $749K | +7.8% |
Summary: New Milford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 7.8%.
Median List Price Compared To Nearby Cities
| Dumont | $492K | $599.4K | +21.8% |
| Oradell | $749.9K | $847K | +12.9% |
| New Milford | $599K | $650K | +8.5% |
| Bergenfield | $512.5K | $550K | +7.3% |
Housing Supply in New Milford, NJ
How many homes are available in New Milford, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The New Milford real estate market had 15 homes for sale in November 2024, a 15.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The New Milford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Days on Market for New Milford, NJ
How long does it take to sell a home in New Milford, NJ?
Average Listing Age
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 93 Days | 96 Days | +3.4% |
Summary: Homes in New Milford had an average listing age of 96 days in Nov 2024, up by 3.4% compared to the previous year.
