Millburn New Jersey Real Estate Market Report

October 2025 Housing Trends and Community Insight

October brought a steady pace to the Millburn housing market, with consistent buyer activity and measured movement across key price points. Millburn’s appeal remains anchored in its commuter convenience, top performing schools, and lively downtown setting, all of which continue to draw buyers seeking suburban access without sacrificing connection to city life.

While buyers are more intentional with their decisions this fall, well prepared and well located homes are still attracting strong attention. The market remains active rather than rushed, giving both buyers and sellers more clarity as they navigate the season.

Millburn Real Estate Market Snapshot October 2025

• Average List Price of Sold Homes: 751,000

• Average Sold Price: 806,286

• Sale to List Price Ratio: 107.07 percent

• Homes Sold: 7

• Average Days on Market: 38

Active Inventory
8 homes currently available with an average list price of 1,350,750 and 29 days on market

Under Contract
9 homes under contract with an average list price of 1,395,889 and 28 days on market

This reflects steady buyer participation and balanced movement across the market.

Millburn Buyer Demand October 2025

Buyers this month were most focused on:

• Convenient access to downtown and train service

• Proximity to Millburn’s highly ranked public schools

• Homes with updated kitchens and bathrooms

• Functional layouts for daily living

Well presented homes continue to attract strong early showing activity. Homes needing updates still draw interest, but buyers are taking more time to evaluate long term fit and improvement costs.

Millburn Home Prices October 2025

Under 1 Million

Continues to be an active entry point for buyers moving from nearby urban areas or beginning their home search in Millburn. Move in ready condition is influencing buyer response.

1 Million to 1.5 Million

This remains the most competitive segment. Updated Colonials and expanded homes near schools or downtown continue to see strong buyer interest.

1.5 Million to 2 Million

Demand is steady but selective. Buyers are prioritizing interior finish quality, outdoor space, and floor plan flexibility.

Above 2 Million

Movement in this tier is driven by architecture, renovation quality, and location. Modern layouts and thoughtful design continue to appeal to buyers seeking long term value.

Millburn Market Trends Year to Date 2025

Compared to the same period last year:

• Average sale price has increased

• Days on market have lengthened slightly as buyers move more thoughtfully

• Core neighborhood demand remains stable
  

Millburn continues to show strong underlying demand tied to school reputation, community amenities, and transportation access.

Advice for Millburn Buyers

• Be ready to act when a well located home aligns with your criteria

• Consider homes that allow updates over time rather than focusing only on fully finished spaces

• Touring regularly helps build context for value and timing

• Pre approval remains essential in competitive segments

Advice for Millburn Sellers

• Presentation and photography remain key to maximizing early interest

• Pricing aligned with current conditions builds strong market momentum

• Renovated spaces are outperforming similar homes needing updates

• Listing before spring can offer advantages due to reduced competition

Millburn Housing Market Forecast Winter 2025

As the market approaches late fall and early winter, activity is expected to remain steady, though new listing volume may taper. Buyers who are active during this period tend to be focused and ready to move forward, which can benefit sellers choosing to list before spring.

For buyers, the season provides opportunity to evaluate homes with less urgency compared to peak spring market pace.

Millburn Real Estate FAQs October 2025

Q: Are homes still selling above asking in Millburn?
A: Yes, particularly when homes are move in ready and well located.

Q: Has buyer demand slowed?
A: The pace is more measured, but demand remains steady due to strong local fundamentals.

Q: Is this a good time to list a home in Millburn?
A: Yes. Lower seasonal competition can create meaningful visibility for well prepared listings.

Q: What features are buyers prioritizing right now?
A: Updated interiors, flexible work and living spaces, and proximity to schools and transit.

Considering a Move in Millburn

Real estate decisions are rarely just about houses. They are about routine and rhythm. Where mornings start. Where afternoons unfold. Where you spend your time and who you spend it with.

Millburn continues to offer a strong foundation for those priorities. Walkability to town, access to the train, neighborhood parks, community sports, and a downtown that feels lived in rather than staged all play a role in how people choose to settle here.

If you are thinking about a move or simply wondering what your options might be, the first step does not need to be a commitment. It can just be a conversation.

We are always available to talk through timing, planning, and what makes sense for your next chapter — with no pressure and no assumptions.

Let’s connect when you are ready.

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