Is Milford, NJ 08848 a buyer’s or seller’s market?

The Milford housing market right now

In the three months ending August 31, 2026, 50% of homes in Milford, NJ 08848 sold above their list price, the typical home went under contract in 33 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 37 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 55%, homes sold more slowly (20 days then) and the median sale price rose 3% to $519,775. Overall, Milford is less competitive than a year ago, which gives buyers more room.

Within Hunterdon County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in 72%. On our competition score, Milford ranks #156 of 444 NJ ZIP codes with enough sales (score 84 out of 100).

Nearby, buyers who want less competition could look at Three Bridges 08887 (38% sold over asking) or Lambertville 08530 (38% sold over asking), while Oldwick 08858 (100% sold over asking) and Clinton 08809 (71% sold over asking) are even more competitive.