Photo: Goldfishbutt · Public domain142 homes sold in Millburn Township in the last year, at a typical $2.4M
Redfin reports Millburn Township’s sales by ZIP code, so these figures are for ZIP 07078, which takes in Millburn Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Millburn Township homes are listed.
Every place Millburn Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Millburn Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Millburn Township’s sales, at a typical $2.4M
142 homes sold in the year to May 2026.
typical sale · 142 sold in 12 months
- Per square foot
- $719NJ $331
- Days to sell
- 22
- Sold over asking
- 53%
Fewer homes sell than before 2022, at 1.6 times the 2016 price
142 sales in the last year, against 295 in 2021 and a low of 136 in 2025. The typical sale went from $1.5M in 2016 to $2.4M.
Source: Redfin Data Center, MLS sales; for ZIP 07078, which takes in Millburn Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $2M buys in Millburn Township
Check a listing against what Millburn Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Millburn Township are more common than before the pandemic, but 80% fewer homes come up for sale
We read every month of home sales in ZIP 07078 since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 142 sales.
If you’re buying in Millburn Township
- Shop in March. It brings about 28 new listings a month, close to the busiest month, with fewer bidding wars (31% over asking).
- Expect to bid over asking. Buyers paid 104.6% of the list price on average; 53% paid over.
- You’ll usually have time. Only 42% of homes go under contract within two weeks; the typical one takes 22 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 32 a month), but June is the most competitive: 45% of June sales close over asking. March and April offer nearly as much choice with fewer homes bid up (31%). February has the least competition (29%) but only about 19 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than New Jersey
| Millburn Township now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 53% | 21% | 42% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 42% | 1% | 1% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | — | — | — | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 104.6% | 96.9% | 100.3% | 101.2% |
| Days to sellMedian days from listing to contract | 22 | 118 | 86 | 45 |
24 homes for sale on a typical day
That’s 80% fewer than in 2017–19 and well under 2019’s 123.
Source: Redfin Data Center, ZIP code tracker; for ZIP 07078, which takes in Millburn Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 10.
Best time to buySchools
The schools grade for Millburn Township, from test results, graduation and how much students grow.
Schools in Millburn TownshipTypical commute
The average one-way trip to work for people who live in Millburn Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Vauxhall, Springfield Township and Florham Park sell for less a square foot
The busier markets within 25 miles of Millburn Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Summit | 223 | $1.5M | $708 | 69% | 15 |
| Short Hills | 149 | $2.3M | $718 | 55% | 26 |
| Millburn Township (ZIP 07078) | 142 | $2.4M | $719 | 53% | 22 |
| Florham Park | 116 | $1M | $474 | 66% | 24 |
| Chatham | 93 | $1.3M | $713 | 80% | 18 |
| Vauxhall | 39 | $530K | $393 | 72% | 49 |
| Springfield Township | 31 | $529K | $265 | 55% | 60 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Millburn Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Millburn Township. People who follow the town see it, and so do people comparing Millburn Township with their own town. No commission, no listing fee.
Questions about buying a home in Millburn Township
What do homes sell for in Millburn Township, NJ?
142 homes sold in the year to May 2026 at a typical $2.4M, $719 a square foot.
Is Millburn Township a buyer’s or seller’s market?
A seller’s market: 26 homes were for sale in May 2026 and 11 sold, about 2.2 months of supply. Buyers paid 104.6% of asking on average.
When is the best time to buy in Millburn Township?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Millburn Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Millburn Township’s MLS listings; the search links above open each one filtered to Millburn Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 07078, which takes in Millburn Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).