Millstone Township, NJ 08510 Real Estate Market Report

ZIP Code: 08510
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Millstone Township, NJ, is characterized by a median sold price of $913,999.50, reflecting a robust market despite elevated interest rates. This price point indicates a strong demand for properties, as evidenced by the hot market temperature. The neighborhood has experienced significant appreciation, contributing to a competitive landscape for buyers.

Transaction activity suggests a median days on market of 289, indicating slower sales velocity and potentially longer timeframes for properties to close. With elevated inventory levels relative to sales activity, the market appears to be balancing, although the strong seller's advantage remains due to limited active listings. This dynamic may indicate a continued upward pressure on prices as buyers compete for available properties.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Millstone Township, NJ are averaging 6.38%, which is 0.88% higher than the average rate of 5.50% observed in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median listing price stands at $1,200,000, suggesting seller expectations are high compared to the median sold price of $913,999.50.

2. Transaction activity is marked by 289 days on market, indicating a slower sales velocity and potential pricing friction for sellers.

3. The market temperature is classified as hot, which may signal ongoing buyer interest despite elevated interest rate pressure.

4. With elevated inventory levels relative to sales, the market is experiencing a balance, allowing buyers some negotiating power.

5. The property tax rate is 2.41%, which may influence buyer affordability and overall market dynamics.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.