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

ZipMedian Est. Value
07646

$ 608,950

$ 363/sqft

Housing Market Summary for New Milford, NJ

Mar 2023February 2024Change
Median Listing Price$637.5K$565.9K-11.23%
Median Sold Price$551.8K$565.9K2.56%
Homes For Sale63-50.00%
Homes Sold8663-26.74%
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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%.

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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.

Foreclosure
There is 1 zips within New Milford, NJ; within this zips, the median estimated home value for homes in foreclosure ranges from $906,300 in 07646 to the lowest value of $476,200 in 07646. Foreclosure homes account for 1.00% of properties in New Milford, NJ with 07646 containing 43 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    07646 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.15% of residential properties in New Milford, NJ with 07646 containing 6 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within New Milford, NJ; homes for sale in that zips, have a range of median values from $1,140,000 in 07646 to the lowest value of $510,900 in 07646.
    Sold Homes
    The median value for recently sold homes ranges from $1,438,000 in 07646 to the lowest price of $271,600 in 07646. There is 1 zips within New Milford, NJ. 07646 has 53 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.29% of properties in New Milford, NJ.

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      Guide for New Milford, NJ

      Market Reports
      Newark Real Estate Market Report, March 2024
      Market Reports
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      See More Articles
      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      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.

      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024

      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.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      Recently Listed Homes New Milford, NJ

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