Is Milmay, NJ 08340 a buyer’s or seller’s market?
Milmay is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Milmay housing market right now
In the three months ending August 31, 2026, 100% of homes in Milmay, NJ 08340 sold above their list price, the typical home went under contract in 42 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (100% then), homes sold faster (106 days then) and the median sale price fell 44% to $299,870. Overall, Milmay is more competitive than a year ago, so tougher for buyers.
Within Cumberland County, homes here sell faster than in 64% of the county’s ZIP codes, and sell more often over asking than in 93%.
Nearby, buyers who want less competition could look at Rosenhayn 08352 (0% sold over asking) or Heislerville 08324 (0% sold over asking).
Run the numbers for 08340
Nearby markets
Bridgeton 08302Balanced $181 /sq ftCedarville 08311Buyer’s market $137 /sq ftDelmont 08314 — /sq ftDorchester 08316Seller’s market $215 /sq ft Browse all markets →Where Milmay is
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Questions about Milmay real estate
Is Milmay a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Milmay, NJ 08340 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Milmay?
The typical home went under contract in 42 days in the latest three months.
Do homes in Milmay sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 100.3% of the list price.
What are property taxes in Milmay?
About 2.51% of a home’s value a year in Cumberland County, where towns range from 2.16% to 3.63%, or roughly $10,044 on a $400,000 home.
What is the median home price in Milmay?
The median sale price was $299,870 in the three months ending August 31, 2026, about $176 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology