Milltown Housing Market Report January 2025•Middlesex County, New Jersey

hero building illustration for mobile

Housing Prices in Milltown, NJ

How much do homes in Milltown, NJ cost?

Housing Market Conditions

Is Milltown, NJ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Milltown is a Neutral Market

Difference Since January 2024

At the same time last year, Milltown was a Seller's Market.

Insight

Milltown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$575,000$318/SqFt
+$75,000
+15.0%

Based on all homes sold in the last 12 months

Insight

Homes in Milltown have sold for 15% more than they did a year ago.

Summary: The median home sold price in Milltown was $575,000 in January 2025, up 15% from last year, and the median price per square foot was $318.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Milltown
+15.0%
East Brunswick Township
+13.1%
North Brunswick
+10.1%
North Brunswick Township
+10.1%
East Brunswick
+9.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$357K$420K
+17.6%
3$461.6K$500K
+8.3%
4$533.7K$675K
+26.5%
5$878.6K$748.5K
-14.8%

Summary: Milltown housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +17.6%. The home price for 3 bedroom homes increased by +8.3%. The home price for 4 bedroom homes increased by +26.5%. The home price for 5 bedroom homes decreased by -14.8%.

Housing supply in Milltown, NJ

How many homes are available in Milltown, NJ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
21Last MonthJan 2025
302 months agoDec 2024
-30.0 %
Change MoMDec – Jan

Summary: The Milltown real estate market had 21 homes for sale in Jan 2025, a 30.0 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthJan 2025
132 months agoDec 2024
-76.9 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
241
-75.0%
4148
-42.9%
111
0.0%
31010
0.0%
511
0.0%

Summary: Milltown housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 2 bedroom homes decreased by -75.0%. The inventory for 4 bedroom homes decreased by -42.9%. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Milltown, NJ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Milltown, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Milltown in January 2025, down by 76.9% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.

Days on Market for Milltown, NJ

How long does it take to sell a home in Milltown, NJ?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in Milltown are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 3 homes were sold in Milltown; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
77 DaysThis YearJan 2025
36 Days1 year agoJan 2024
+112.9 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Milltown had an average listing age of 77 days in Jan 2025, up by 112.9% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Milltown, NJ

What homes are available in Milltown, NJ?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in New Jersey

MLS Disclaimers and Copyright

Based on information from ALL JERSEY MLS, for the period 02/01/2023 - 02/01/2025

IDX 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 2025, 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 3:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.