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MILMAY, NJ 08340

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

Market Analysis

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

The MILMAY, NJ real estate market (08340) currently shows 6 active listings, with 2 pending sales. Homes are averaging 111 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 111 days on market compared to 94 days last year.

The median listing price has risen 3.4% year-over-year, from $499,950 to $517,175.

Whether you are buying or selling in MILMAY, 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: 939  ·  Density: 13.0/mi²  ·  Median household income: $70,536

Typical home value: $243,416  ·  Homeownership: 77.9%

Market Overview

Active Listings
6
⇧ 100% vs 3 last year
Pending
2
33% pending ratio
Median Price
$517,175
⇧ 3.4% vs $499,950 last year
Average Price
$617,988
⇧ 23.6% vs $499,950 last year
Days on Market
111
⇧ 18.1% vs 94 days last year

Price Per Square Foot

Median $/sqft
$178
⇩ 31.5% vs $260/sqft last year
Median Home Size
4,347 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 3 last year
  • Days on market: 111 now vs 94 last year

Median & Average Pricing

Year over Year
  • Median: $517,175 (+3.4% YoY)
  • Average: $617,988 (+23.6% 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 15.1 miles — 368 listings ($158,446,032 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
08340Milmay, NJ 083400.0 mi6$3,228,600$502,500$538,100
08319Estell Manor, NJ 083194.4 mi3$1,050,999$389,000$350,333
08350Richland, NJ 083506.3 mi0$0$0$0
08332Millville, NJ 083328.0 mi138$46,038,180$269,925$333,610
08316Dorchester, NJ 083168.7 mi2$264,000$132,000$132,000
08341Minotola, NJ 083419.0 mi6$2,377,950$378,200$396,325
08326Landisville, NJ 083269.8 mi6$1,882,350$313,725$313,725
08270Woodbine, NJ 0827010.3 mi16$11,221,808$429,250$701,363
08346Newtonville, NJ 0834611.7 mi6$2,371,074$404,925$395,179
08314Delmont, NJ 0831413.1 mi1$434,900$434,900$434,900
08234Egg Harbor Township, NJ 0823413.9 mi164$78,515,656$452,222$478,754
08324Heislerville, NJ 0832414.0 mi1$394,675$394,675$394,675
08223Marmora, NJ 0822315.1 mi19$10,665,840$604,675$561,360

Frequently Asked Questions

How many homes are for sale in MILMAY, NJ 08340?

As of March 2026, there are 6 active listings in MILMAY, NJ (zip code 08340), compared to 3 the prior year.

What is the median home price in MILMAY, NJ 08340?

The median listing price in MILMAY, NJ 08340 is $517,175 as of March 2026, a 3.4% increase from $499,950 the prior year.

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

Homes in MILMAY, NJ 08340 spend an average of 111 days on the market before going under contract, compared to 94 days the prior year.

Is it a seller's or buyer's market in MILMAY, NJ 08340?

Based on current inventory and days-on-market data as of March 2026, MILMAY, NJ 08340 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 111 days on market compared to 94 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MILMAY, NJ 08340 save an estimated $10,344 compared to a typical 5% commission on the median listing price of $517,175. 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.