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

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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 Seller's Market

Difference Since March 2024

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

Insight

Milltown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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$322/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 March 2025, up 15% from last year, and the median price per square foot was $322.

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
East Brunswick
+15.4%
East Brunswick Township
+15.2%
Milltown
+15.0%
North Brunswick
+12.6%
North Brunswick Township
+12.6%

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.
BedsMar 2024Mar 2025Change YoY
1-$330K
N/A
2$369.9K$420K
+13.5%
3$457K$510K
+11.6%
4$540K$675K
+25.0%
5$940K$697K
-25.9%

Summary: Milltown housing price by bedroom type for March 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 +13.5%. The home price for 3 bedroom homes increased by +11.6%. The home price for 4 bedroom homes increased by +25.0%. The home price for 5 bedroom homes decreased by -25.9%.

How does Milltown, NJ compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Milltown, NJ

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
23Last MonthMar 2025
172 months agoFeb 2025
+35.3 %
Change MoMFeb – Mar

Summary: The Milltown real estate market had 23 homes for sale in Mar 2025, a 35.3 % increase compared to Feb 2025.

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
8Last MonthMar 2025
32 months agoFeb 2025
+166.7 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
110
-100.0%
223
+50.0%
3610
+66.7%
479
+28.6%
511
0.0%

Summary: Milltown housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +66.7%. The inventory for 4 bedroom homes increased by +28.6%. 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 Price4 Homes

At Asking Price0 Home

Under Asking Price4 Homes

Insight

If you're buying a home in Milltown, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Milltown in March 2025, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% 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 Days4 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

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

Summary: During March 2025, 8 homes were sold in Milltown; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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
36 DaysThis YearMar 2025
216 Days1 year agoMar 2024
-83.1 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Milltown had an average listing age of 36 days in Mar 2025, down by 83.1% compared to the previous year.

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Newest Listings in Milltown, NJ

What homes are available in Milltown, NJ?

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MLS Disclaimers and Copyright

Based on information from ALL JERSEY MLS, for the period 04/01/2023 - 04/01/2025

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: 4/24/2025, 5:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.