New Milford, NJ housing market
The typical New Milford home is worth about $746,000, up 10.6% in a year, 29% above the New Jersey typical home. Homes typically sell in 47 days, a little above 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 buyer's market
More homes are for sale than are selling — about 6 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | New Milford | New Jersey |
|---|---|---|
| 2017 | $420,000 | $317,000 |
| 2018 | $435,000 | $330,000 |
| 2019 | $453,000 | $343,000 |
| 2020 | $465,000 | $358,000 |
| 2021 | $506,000 | $394,000 |
| 2022 | $548,000 | $441,000 |
| 2023 | $574,000 | $471,000 |
| 2024 | $620,000 | $511,000 |
| 2025 | $674,000 | $551,000 |
| 2026 | $715,000 | $568,000 |
| August 2026 | $746,000 | $580,000 |
New Milford and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| New Milford | $746K | +10.6% | 47 | $114,889 |
| River Edge | $861K | +12.6% | 86 | $159,028 |
| Bergenfield | $647K | +5.3% | 64 | $130,045 |
| Oradell | $1.02M | +10.3% | 61 | $221,322 |
| Teaneck | $696K | +1.8% | — | $144,075 |
| Dumont | $677K | +8.8% | 50 | $126,071 |
6.5 years of income
The typical New Milford home costs about 6.5 years of the town's median household income, more than across New Jersey (5.6 years).
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.