Is New Milford, NJ 07646 a buyer’s or seller’s market?

The New Milford housing market right now

In the three months ending August 31, 2026, 69% of homes in New Milford, NJ 07646 sold above their list price, the typical home went under contract in 71 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 40 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 59%, homes sold more slowly (65 days then) and the median sale price held steady to $734,682. Overall, New Milford is more competitive than a year ago, so tougher for buyers.

Within Bergen County, homes here sell more slowly than in 52% of the county’s ZIP codes, and sell more often over asking than in 69%. On our competition score, New Milford ranks #248 of 444 NJ ZIP codes with enough sales (score 75 out of 100).

Nearby, buyers who want less competition could look at Alpine 07620 (0% sold over asking) or Moonachie 07074 (0% sold over asking), while South Hackensack 07606 (100% sold over asking) and Waldwick 07463 (86% sold over asking) are even more competitive.