New Milford, NJ
Housing market overview · Updated weekly
$550,000median sale price
Homes sold
13
Last 12 weeks
Days on market
72
Average pace
Active listings
31
2.4 months supply
Sale-to-list
100.7%
Above asking
The New Milford housing market is currently classified as a seller's market with a median sale price of $550,000. Prices have fallen 8.3% compared to last year, with homes spending an average of 72 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in New Milford?
The median home sale price in New Milford is $550,000, down 8.3% from last year.
How long do homes stay on market in New Milford?
Homes typically spend 72 days on market before going under contract.
Is New Milford a buyer's or seller's market?
With 2.4 months of supply, New Milford is currently a seller's market.
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