The Good Life Group's Market Report

Millburn, NJ 07041

Single-Family Homes

Amy Paternite | 917-442-5130 and Ben Garrison | 917-940-3158


Millburn, NJ 07041

Mon Aug 10 2026
This week the median list price for Millburn, NJ 07041 is $1,250,000 with the market action index hovering around 44. This is less than last month's market action index of 55. Inventory has decreased to 7. Click here to stay informed with the Millburn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Millburn, NJ 07041

Mon Aug 10 2026
This week the median list price for Millburn, NJ 07041 is $1,250,000 with the market action index hovering around 44. This is less than last month's market action index of 55. Inventory has decreased to 7. Click here to stay informed with the Millburn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Millburn market.
Median List Price $1,250,000
Median Price of New Listings $0
Per Square Foot $711
Average Days on Market 112
Median Days on Market 42
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 44
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,099,450 0 6,500 - 8,000 sqft 4 4.5 49 0 1 52
$1,449,500 1,635 0 - 4,500 sqft 4 3.5 99 0 1 31
$1,019,950 1,822 0 - 4,500 sqft 4 1.5 112 0 1 147
$775,000 0 0 - 4,500 sqft 2 2 111 0 0 322