Millburn, New Jersey Real Estate Trends: September 2025 Market Report & Lifestyle Guide

A Market Balancing Strength with Selectivity

Millburn’s housing market remained steady in September 2025, combining healthy demand with a growing sense of selectivity among buyers. The average sale price reached $1.39M, up 9.2% year over year, while the average sale to list ratio held strong at 106.05%.

Homes are spending an average of 20 days on market, only slightly higher than last year, showing that well-priced homes continue to move quickly even as buyers take more time to evaluate options.

 

Millburn Local Market Snapshot – September 2025

Average Listing Price YTD: $1,326,363
Average Sold Price YTD: $1,388,632 (+9.2% year over year)
Sale Price to List Price Ratio YTD: 106.05%
Homes Sold: 2 in September | 57 YTD
Average Days on Market: 21 in September up from 14 in August.
Inventory Level: 7 active listings in September
Under Contract: 9 listings in September

These figures point to a stable, data-driven market. Inventory has increased slightly, giving buyers more to consider, yet sellers who position their homes thoughtfully are still achieving strong outcomes.

 

How Different Price Points Performed in Millburn in September

$1M to $2M
This range continues to see consistent movement, though buyers are becoming more selective. Homes that are well maintained and updated are still drawing attention, especially those near schools and Millburn’s downtown area.

Above $2M
Luxury listings continue to represent a smaller share of activity but remain attractive when they deliver high-quality finishes and desirable locations. The September sale of 56 Mountain Avenue at $3.25M underscored continued strength at the top of the market.

Key Takeaways from the September 2025 Data

  • Home values increased 9.2% year over year, highlighting continued confidence in the Millburn market.

  • Inventory growth has not weakened prices, signaling sustained buyer demand.

  • Homes under $2M remain the most competitive, often selling above list price.

  • High-end properties are selling selectively but continue to command strong results when priced correctly.

 

Insights for Buyers and Sellers

For Buyers

  • Expect continued competition in the entry and mid-level ranges.

  • Homes above $2M may offer more flexibility as inventory rises.

  • Focus on long-term value. Millburn’s schools and location continue to drive strong returns.

For Sellers

  • Accurate pricing remains essential to attract multiple offers.

  • Professionally presented listings perform best, especially when they emphasize convenience to Millburn’s downtown and train station.

  • Even with slightly longer market times, sellers are still averaging 106% of list price, showing that motivated buyers remain active.

 

Fall 2025 Market Outlook

Millburn is expected to remain active through the fall, with buyer demand supported by strong schools, proximity to Manhattan, and a walkable downtown. Inventory growth may temper bidding activity slightly, but competitively priced homes continue to stand out. Sellers who list before the holiday season can still capture solid interest from serious buyers looking to move before year-end.

 

Featured Listings in Millburn

Explore the latest listings in Millburn, from renovated Colonials near the village center to spacious homes close to top-rated schools. Each property showcases the lifestyle and convenience that define this vibrant community. View all HERE

 

About Millburn, NJ

Located in the heart of Essex County, Millburn offers a perfect blend of suburban comfort and urban accessibility. The township is known for its top-ranked public schools, vibrant downtown, and commuter-friendly location, with Midtown Direct train service providing a quick and easy trip into New York City. Residents also enjoy cultural amenities such as the Paper Mill Playhouse, Taylor Park, and a wide range of local dining and shopping options. Millburn’s combination of community spirit, accessibility, and housing diversity continues to make it one of New Jersey’s most desirable places to live.

Learn more about moving to Millburn or explore our Millburn-Short Hills town page for more details

 

FAQs: Millburn Market Insights September 2025

Q: How is the Millburn housing market performing right now?
A: Millburn’s market remains strong, with average home prices up 9% year over year and homes still selling above list.

Q: What types of homes are selling fastest in Millburn?
A: Properties under $2M, particularly updated Colonials and well-located homes near schools and downtown, continue to attract multiple offers.

Q: Has the Short Hills market shifted toward buyers or sellers this fall?
A: The September data points to a more balanced market, with inventory increasing and sale-to-list ratios flattening around 100%.

Q: Are Millburn homes still selling above asking price?
A: Yes. The average sale to list ratio is 106%, reflecting steady buyer demand despite a rise in available listings.

Q: How do Short Hills September’s days on market compare to earlier in 2025?
A: Average market time rose to 52 days, up from 24 in July, a sign that buyers are taking more time to evaluate options.

Q: How long does it take to sell a home in Millburn?
A: Homes are averaging 20 days on market, one of the quickest turnaround times in Essex County.

Q: What strategies are helping Millburn sellers achieve top results?
A: Homes that are professionally staged, priced strategically, and marketed with strong local exposure continue to outperform. Emphasizing proximity to Millburn’s train station, schools, and village center remains key to attracting qualified buyers.

Q: What’s attracting buyers to Millburn right now?
A: Excellent schools, a lively downtown, and an easy New York City commute continue to make Millburn one of the most appealing towns in northern New Jersey.

 

Ready to Make a Move

Whether you’re preparing to sell your Millburn home or searching for your next one, The Saritte Harel Team combines data-driven strategy with hyper-local expertise to deliver outstanding results.

Ranked among the Top 5 Realtors in New Jersey and Top 1.5% nationwide, our team offers the precision, marketing reach, and guidance today’s market demands.

Contact us for a personalized home valuation or private consultation.
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