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Featured local agent — New Milford, NJ
Sarah Mitchell
Compass Real Estate · New Milford, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Milford, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$502,500median sale price
How is the New Milford, NJ housing market right now?
The median home sale price in New Milford, NJ is $502,500, down 19.6% year-over-year. Homes sell in an average of 47 days with 74 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Milford a buyer's or seller's market?
New Milford, NJ is currently a balanced market, based on 6.2 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
47
Average pace
Active listings
74
6.2 months supply
Sale-to-list
102.9%
Above asking
What does the New Milford housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $502,500 |
| Median list price | $610,000 |
| Year-over-year price change | -19.6% |
| Average days on market | 47 days |
| Active inventory | 74 listings |
| Months of supply | 6.2 months |
| Sale-to-list price ratio | 102.9% |
| Median price per sq ft | $293/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 33 |
| Listings with a price cut | 10.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in New Milford by property type?
How the New Milford, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $542,500 | $330/sq ft | 10 | 47 days |
| Condo / Co-op | $292,500 | $227/sq ft | 2 | 82 days |
| Townhouse | $701,000 | $387/sq ft | 1 | 54 days |
Source: Redfin · Updated monthly
The New Milford housing market is currently classified as a balanced market with a median sale price of $502,500. Prices have fallen 19.6% compared to last year, with homes spending an average of 47 days on market, indicating 6.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.6x provides context for how home values compare to local earning capacity.
Homes for sale in New Milford
There are currently 74 homes listed for sale in New Milford, New Jersey. The median listing price is $610K.
Active listings
74
Homes on market
Median list price
$610K
Avg. days on market
47
Days until sale
New this week
33
Newly listed
Who lives in New Milford?
Population
16,882
Median income
$113,513/yr
Median age
39.5 years
Owner-occupied
62.7%
College grads
48.0%
Avg commute
29.7 min
Source: U.S. Census Bureau ACS
What are homes worth in New Milford?
Zillow home value
$754,236
Price-to-income
6.6x
Source: Zillow Research
What is it like to live in New Milford?
New Milford is a community of approximately 17K residents with a median age of 39.5 years.The median household income is $113,513, which reflects a relatively affluent area with strong earning potential. 48.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 62.7%, showing a blend of owner and renter-occupied properties. The average commute time is 29.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Milford offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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.
Which cities are near New Milford, NJ?
Want a head-to-head view? Compare New Milford side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Milford?
The median home sale price in New Milford is $502,500, down 19.6% from last year.
How long do homes stay on market in New Milford?
Homes typically spend 47 days on market before going under contract.
What is the median income in New Milford?
The median household income is $113,513 per year.
Is New Milford a buyer's or seller's market?
With 6.2 months of supply, New Milford is currently a balanced market.
What is the Zillow home value estimate for New Milford?
The Zillow Home Value Index (ZHVI) for New Milford is $754,236, representing the typical home value in the area.
What is the median condo price in New Milford?
The median condo/co-op sale price in New Milford, NJ is $292,500, compared to $542,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New Milford?
The median single-family home price in New Milford, NJ is $542,500 (about $330 per square foot).
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