Is West Milford, NJ 07480 a buyer’s or seller’s market?

The West Milford housing market right now

In the three months ending August 31, 2026, 54% of homes in West Milford, NJ 07480 sold above their list price, the typical home went under contract in 37 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 67 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 45%, homes sold faster (56 days then) and the median sale price fell 8% to $479,792. Overall, West Milford is more competitive than a year ago, so tougher for buyers.

Within Passaic County, homes here sell faster than in 62% of the county’s ZIP codes, and sell less often over asking than in 73%. On our competition score, West Milford ranks #258 of 444 NJ ZIP codes with enough sales (score 74 out of 100).

Nearby, buyers who want less competition could look at Paterson 07505 (0% sold over asking) or Wanaque 07465 (39% sold over asking), while Paterson 07504 (88% sold over asking) and Hawthorne 07506 (83% sold over asking) are even more competitive.