Millstone Township, NJ 08510 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

Key Findings

1. The primary indicator of market value is the median sold price: $551,500, which points to recent transaction-level pricing and should be treated as the most reliable benchmark for valuation and comps.
2. There is a notable spread between the median listing price: $1,450,000 and the median sold price, which may indicate pricing friction or seller expectations above realized transaction outcomes; sellers and appraisers should account for this gap when setting list strategies or underwriting offers.
3. Market velocity appears slow on a time-to-contract basis given the median days on market: 350, which suggests longer marketing periods and that individual listings may require stronger pricing or targeted marketing to achieve timely contracts.
4. Market context shows a hot market temperature alongside moderate interest rate pressure and a relatively constrained active supply in the analyzed sample; this combination suggests continued upward price momentum (price year-over-year trend: up) but that transactions may be paced by financing conditions and selective inventory availability.

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.