New Milford, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 116 transactions over the past year in New Milford. The median value for residential home transactions that occurred over the previous year is $592,984.44. The number of current listings in New Milford is 6, and the percentage of properties for sale in the city is 6.00%. New Milford, NJ currently has 43 properties in foreclosure, 0 bank owned properties, 5 properties headed for auction, and 6 properties for sale.
New Milford, NJ Real Estate Market Overview
Zip | Median Est. Value |
---|---|
07646 | $ 608,950 $ 363/sqft |
Housing Market Summary for New Milford, NJ
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $637.5K | $565.9K | -11.23% |
Median Sold Price | $551.8K | $565.9K | 2.56% |
Homes For Sale | 6 | 3 | -50.00% |
Homes Sold | 86 | 63 | -26.74% |
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 New Milford, NJ
Browse Homes in New Milford, NJ
New Milford home values range from $232,200 to $1,869,000. The median estimated value of a home in New Milford is $592,984.44. The median list price of a home is 649,500, and the total count of properties in the city is 4,120.
- Pre-ForeclosurePre-foreclosure homes account for 0.92% of all residential properties in New Milford, NJ with 07646 containing 38 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within New Milford, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $906,300 in 07646 to the lowest home value of $476,200 in 07646.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Milford, 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 New Milford, NJ. There is 1 zips within New Milford, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07646 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of New Milford, NJ. Auction homes and other auction properties account for 0.12% of all properties in New Milford, NJ. There is 1 zips within New Milford, NJ; of that zips, the median estimated home value for homes going to auction ranges from $686,500 in 07646 to the lowest value of $504,800 in 07646.
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Guide for New Milford, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
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