Is Millstone Township, NJ 08510 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Millstone Township is a seller’s market. With about 2.1 months of supply and 39% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Heat score36/ 100

#64 of 110 ZIP codes in Middlesex, Monmouth, Ocean & Somerset, NJ, and #368 of 531 across all the markets we track.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works

Months of supply2.1Under 4 months = seller’s market
Sold above original list38.9%Share of sales, last 3 months
Median sale-to-list100.5%Sold price ÷ list price
Median days on market21Listing to accepted offer
Median price per sq ft$318▼ −14.9% vs. last year

The Millstone Township housing market right now

In the three months ending August 31, 2026, 39% of homes in Millstone Township, NJ 08510 sold above their list price, the typical home went under contract in 21 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (31 days then) and the median sale price rose 62% to $1,284,444. Overall, Millstone Township is less competitive than a year ago, which gives buyers more room.

Within Monmouth County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in 85%. On our competition score, Millstone Township ranks #200 of 444 NJ ZIP codes with enough sales (score 79 out of 100).

Nearby, buyers who want less competition could look at Deal 07723 (0% sold over asking) or Allenhurst 07711 (0% sold over asking), while Roosevelt 08555 (100% sold over asking) and Fair Haven 07704 (81% sold over asking) are even more competitive.

Nearby markets

Allenhurst 07711Buyer’s market $2,523 /sq ftAllentown 08501Seller’s market $312 /sq ftAllenwood 08720 — /sq ftAsbury Park 07712Seller’s market $447 /sq ft Browse all markets →

Towns like Millstone Township nearby

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Where Millstone Township is

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Questions about Millstone Township real estate

Is Millstone Township a buyer’s or seller’s market?

A seller’s market: there were 2.1 months of supply in Millstone Township, NJ 08510 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 Millstone Township?

The typical home went under contract in 21 days in the latest three months.

Do homes in Millstone Township sell over asking?

39% of homes sold above their original list price, and the typical sale closed at 100.5% of the list price.

What are property taxes in Millstone Township?

About 1.43% of a home’s value a year in Millstone Twp, Monmouth County, or roughly $5,716 on a $400,000 home.

What is the median home price in Millstone Township?

The median sale price was $1,284,444 in the three months ending August 31, 2026, about $318 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