New Milford, NJ Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in New Milford, NJ is $550,000, down 8.3% year-over-year. Homes sell in an average of 72 days with 31 active listings. The market is currently a seller's market.
$550,000median sale price
Is New Milford a buyer's or seller's market?
New Milford, NJ is currently a seller's market, based on 2.4 months of supply and homes selling in about 72 days. How we determine this →
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
New Milford, NJ market data
| Metric | Value |
|---|---|
| Median sale price | $550,000 |
| Median list price | $599,000 |
| Year-over-year price change | -8.3% |
| Average days on market | 72 days |
| Active inventory | 31 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 100.7% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
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
Homes for sale in New Milford
There are currently 31 homes listed for sale in New Milford, New Jersey. The median listing price is $599K.
Active listings
31
Homes on market
Median list price
$599K
Avg. days on market
72
Days until sale
New this week
14
Newly listed
Top public schools in New Milford
4 schools tracked · 2,036 students
The largest public schools serving New Milford, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
New Milford High School
Grades 9-12 · 580 students
David E. Owens Middle School
Grades 6-8 · 514 students
Bertrand F. Gibbs Elementary School
Grades PK-5 · 508 students
Berkley Street School
Grades PK-5 · 434 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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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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