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Downtown (Millburn Center) South Mountain Wyoming Historic District (Historic Wyoming District)

MILLBURN, NJ 07041

Real Estate Market Report  ·  Essex County
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07041

Downtown (Millburn Center) · South Mountain · Wyoming Historic District (Historic Wyoming District)

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MILLBURN, NJ real estate market (07041) currently shows 19 active listings, with 9 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 51 days on market compared to 38 days last year.

The median listing price has fallen 0% year-over-year, from $1,595,000 to $1,595,000.

Whether you are buying or selling in MILLBURN, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 7,412  ·  Density: 2,132.8/mi²  ·  Median household income: $199,602

Typical home value: $950,076  ·  Homeownership: 69.0%

Market Overview

Active Listings
19
⇧ 35.7% vs 14 last year
Pending
9
47% pending ratio
Median Price
$1,595,000
vs $1,595,000 last year
Average Price
$1,471,509
⇩ 7.9% vs $1,597,987 last year
Days on Market
51
⇧ 34.2% vs 38 days last year

Price Per Square Foot

Median $/sqft
$676
⇧ 24% vs $545/sqft last year
Median Home Size
2,011 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 19 this year vs 14 last year
  • Days on market: 51 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $1,595,000 (+0% YoY)
  • Average: $1,471,509 (-7.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.4 miles — 372 listings ($378,492,790 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07041Millburn, NJ 070410.0 mi17$25,779,106$1,583,750$1,516,418
07040Maplewood, NJ 070401.7 mi31$18,743,964$498,950$604,644
07081Springfield, NJ 070812.1 mi24$13,936,152$652,200$580,673
07079South Orange, NJ 070792.8 mi33$31,735,902$992,500$961,694
07901Summit, NJ 079013.5 mi28$45,032,848$1,431,250$1,608,316
07106Newark, NJ 071063.9 mi32$16,111,936$458,438$503,498
07092Mountainside, NJ 070924.3 mi11$12,723,337$1,075,500$1,156,667
07039Livingston, NJ 070394.6 mi53$102,824,134$1,844,750$1,940,078
07050Orange, NJ 070504.6 mi35$17,685,920$490,200$505,312
07018East Orange, NJ 070184.9 mi36$14,558,256$455,000$404,396
07027Garwood, NJ 070275.1 mi8$6,973,168$773,875$871,646
07108Newark, NJ 071085.3 mi21$9,193,590$424,950$437,790
07090Westfield, NJ 070905.4 mi43$63,194,477$1,274,470$1,469,639

Frequently Asked Questions

How many homes are for sale in MILLBURN, NJ 07041?

As of March 2026, there are 19 active listings in MILLBURN, NJ (zip code 07041), compared to 14 the prior year.

What is the median home price in MILLBURN, NJ 07041?

The median listing price in MILLBURN, NJ 07041 is $1,595,000 as of March 2026, a 0% increase from $1,595,000 the prior year.

How long do homes stay on the market in MILLBURN, NJ?

Homes in MILLBURN, NJ 07041 spend an average of 51 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in MILLBURN, NJ 07041?

Based on current inventory and days-on-market data as of March 2026, MILLBURN, NJ 07041 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 51 days on market compared to 38 days last year.

How much can I save on real estate commission in MILLBURN, NJ?

With SELL123.com's maximum 3% commission, sellers in MILLBURN, NJ 07041 save an estimated $31,900 compared to a typical 5% commission on the median listing price of $1,595,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.