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Short Sale Listings in Millburn, NJ

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Millburn, NJ Foreclosures

Current Market Conditions in in Millburn, NJ As of February 2026?
Over the last month, Millburn's real estate market has seen an increase in home sales, attributed to the start of the school year, which typically boosts family movements. Properties listed for sale are receiving strong offers and often selling above asking price due to competitive bidding among buyers.
How much do homes sell for in Millburn, NJ?
The average home price is currently $1,307,083.
In Millburn, NJ, how many homes are available?
There are currently 2 active home listings available in Millburn.
What’s the average rental cost in Millburn, NJ?
The average rental price in Millburn is $3,224.
What is the most expensive home in Millburn?
The most expensive home sold in Millburn had a price of $36,811,636.
What is currently the cheapest priced home in Millburn, NJ?
The cheapest home for sale in Millburn is priced at $105,687.

Living in Millburn, NJ

Millburn, NJ, is a desirable suburban township offering a vibrant community life, excellent schools, and easy access to New York City. With its charming downtown, parks, and cultural institutions like the Paper Mill Playhouse, Millburn provides a unique blend of suburban serenity and urban convenience for families and professionals alike.

Buyer vs Seller Market in Millburn, NJ

The real estate market in Millburn remains competitive and strong, characterized by a high demand for homes due to its ranked school district and close proximity to New York City. Parents seeking a good education for their children are drawn to areas with good schools, showing strong property appreciation in recent years.

Millburn's home prices have experienced steady growth, with luxury properties commanding significant premiums. This trend continues as buyers seek a quality lifestyle, resulting in low-day market inventory levels.

Home Value Estimator For Millburn, NJ

There are currently 2,230 real estate properties in Millburn, NJ, with a median automated valuation model (AVM) price of $1,248,034.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Millburn, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Millburn, NJ, is $1,307,083.00, with the most expensive house in Millburn, NJ, topping out at $36,811,636.00 and the cheapest home in Millburn, NJ, clocking in at $105,687.00. In other words, there’s something for every potential homebuyer or savvy investor in Millburn, NJ!

Rent Prices In Millburn, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Millburn, NJ, is on a rollercoaster ride. The average rent price in Millburn, NJ, is $3,224.00. Indeed, when looking to rent in Millburn, NJ, you can expect to pay as little as $1,240.00 or as much as $5,700.00, with the average rent median estimated to be $3,410.00. The good news is that finding an affordable and desirable property to rent in Millburn, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Millburn, NJ Short Sale Listings

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