New Milford, CT housing market
The typical New Milford home is worth about $474,000, up 3.8% in a year, 5% above the Connecticut typical home. Homes typically sell in 45 days, close to asking.
Home values, sales, trends and how New Milford compares with the towns next door — updated as new data is published.
New Milford at a glance
A seller's market
Supply is tight — about 2.6 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | New Milford | Connecticut |
|---|---|---|
| 2017 | $259,000 | $248,000 |
| 2018 | $269,000 | $256,000 |
| 2019 | $271,000 | $258,000 |
| 2020 | $277,000 | $264,000 |
| 2021 | $317,000 | $293,000 |
| 2022 | $359,000 | $326,000 |
| 2023 | $389,000 | $357,000 |
| 2024 | $429,000 | $395,000 |
| 2025 | $451,000 | $420,000 |
| 2026 | $462,000 | $438,000 |
| August 2026 | $474,000 | $451,000 |
New Milford and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| New Milford | $474K | +3.8% | 45 | $106,411 |
| Bridgewater | $740K | +0.8% | — | $159,365 |
| Sherman | $717K | +3.3% | — | $116,000 |
| Gaylordsville | — | — | — | $122,407 |
| Washington | $1.06M | +4.3% | — | $101,549 |
| Brookfield | $586K | +5% | — | $148,360 |
| Kent | $626K | +1.7% | — | $96,064 |
4.4 years of income
The typical New Milford home costs about 4.4 years of the town's median household income, about the same as across Connecticut (4.7).
How New Milford ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.