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
Wed Apr 08 2026
This week the median list price for Millburn, NJ 07041 is $1,524,000 with the market action index hovering around 47. This is an increase over last month's market action index of 37. Inventory has decreased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $1,524,000 | |
| Median Price of New Listings | $1,748,000 | |
| Per Square Foot | $658 | |
| Average Days on Market | 106 | |
| Median Days on Market | 109 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 17% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,941,500 | 0 | 4,500 - 6,500 sqft | 5 | 4.8 | 50 | 0 | 1 | 56 |
| $1,748,000 | 0 | 0.5 - 1 acre | 4 | 4.5 | 74 | 1 | 0 | 0 |
| $1,250,000 | 1,822 | 6,500 - 8,000 sqft | 4 | 2.3 | 83 | 0 | 0 | 164 |
| $775,000 | 0 | 0 - 4,500 sqft | 2 | 2 | 111 | 0 | 0 | 196 |