Millburn, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 76 transactions over the past year in Millburn. The median value for residential home transactions that occurred over the previous year is $1,295,426.67. The number of current listings in Millburn is 56, and the percentage of properties for sale in the city is 93.33%. Millburn, NJ currently has 4 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 56 properties for sale.
Millburn, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 07041 | $ 1,426,258 $ 708/sqft |
Housing Market Summary for Millburn, NJ
| Jun 2025 | June 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $1.3M | $1.1M | -17.61% |
| Median Sold Price | $1.2M | $1.1M | -8.38% |
| Homes For Sale | 19 | 51 | 168.42% |
| Homes Sold | 45 | 20 | -55.56% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Millburn, NJ
Browse Homes in Millburn, NJ
Millburn home values range from $225,079 to $3,829,801. The median estimated value of a home in Millburn is $1,295,426.67. The median list price of a home is 1,595,000, and the total count of properties in the city is 2,070.
- Pre-ForeclosurePre-foreclosure homes account for 0.14% of all residential properties in Millburn, NJ with 07041 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Millburn, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,225,290 in 07041 to the lowest home value of $832,756 in 07041.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Millburn, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Millburn, NJ. There is 1 zips within Millburn, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07041 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Millburn, NJ. Auction homes and other auction properties account for 0.05% of all properties in Millburn, NJ. There is 1 zips within Millburn, NJ; of that zips, the median estimated home value for homes going to auction ranges from $1,089,951 in 07041 to the lowest value of $1,089,951 in 07041.