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
Tue Sep 29 2026
This week the median list price for Millburn, NJ 07041 is $1,422,500 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $1,422,500 | |
| Median Price of New Listings | $1,895,000 | |
| Per Square Foot | $658 | |
| Average Days on Market | 154 | |
| Median Days on Market | 105 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 33% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,897,450 | 0 | 6,500 - 8,000 sqft | 4 | 3.8 | 87 | 1 | 1 | 70 |
| $1,450,000 | 0 | 4,500 - 6,500 sqft | 4 | 4.5 | 98 | 0 | 0 | 70 |
| $1,297,500 | 1,822 | 8,000 - 10,000 sqft | 4 | 2 | 98 | 0 | 1 | 171 |
| $775,000 | 0 | 0 - 4,500 sqft | 2 | 2 | 111 | 0 | 0 | 371 |