Is Milltown, NJ 08850 a buyer’s or seller’s market?

The Milltown housing market right now

In the three months ending August 31, 2026, 67% of homes in Milltown, NJ 08850 sold above their list price, the typical home went under contract in 64 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 58%, homes sold faster (72 days then) and the median sale price rose 4% to $618,482. Overall, Milltown is more competitive than a year ago, so tougher for buyers.

Within Middlesex County, homes here sell more slowly than in 51% of the county’s ZIP codes, and sell more often over asking than in 77%. On our competition score, Milltown ranks #331 of 444 NJ ZIP codes with enough sales (score 66 out of 100).

Nearby, buyers who want less competition could look at Plainsboro 08536 (26% sold over asking) or Monroe Township 08831 (35% sold over asking), while Sewaren 07077 (100% sold over asking) and Middlesex 08846 (87% sold over asking) are even more competitive.