House Prices

House Prices & Home Values Millburn, NJ 2026


Average Data

average house price$503,875
average size per house1763 ft²
average price per ft²286 $ / ft²

05/23/2026 - The value range (VR) for house prices in Millburn, NJ is $340/ sqft to $340/ sqft. An average home with 1763 sqft costs approximately $599,420 to $599,420. Millburn, NJ includes 1 ZIP codes and it is located in Essex county. The lowest prices are found in ZIP 07041, while the highest are in ZIP 07041. The average price per sqare feet is $286. Our analysis is based on 32 property listings.

Avergage prices by ZIP codes Millburn

07041336 $ / ft²


House prices by neighborhoods in Millburn

Downtown Millburn323 $ / ft²
South Mountain369 $ / ft²
Wyoming Section323 $ / ft²




Historical development of home values in Millburn

Year Estimated value (USD) Change vs. 2025
2010 $234,009 -53.6%
2011 $224,960 -55.4%
2012 $224,354 -55.5%
2013 $232,740 -53.8%
2014 $244,312 -51.5%
2015 $256,851 -49.0%
2016 $270,256 -46.4%
2017 $284,842 -43.5%
2018 $300,590 -40.3%
2019 $314,528 -37.6%
2020 $330,788 -34.4%
2021 $376,235 -25.3%
2022 $438,606 -13.0%
2023 $462,530 -8.2%
2024 $489,288 -2.9%
2025 $503,875 0.0%

Graph: estimated home values in Millburn over time (USD)



Example: 100% financing house in Millburn

Loan amount: $503,875

Interest rate: 6.00%

Fixed monthly payment: $3,020.99

Breakdown in the 1st month:
Interest portion: $2,519.38  –  Principal portion: $501.61

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $30,064.18 $6,187.64 $497,687.36
2 $29,682.54 $6,569.28 $491,118.07
3 $29,277.36 $6,974.46 $484,143.61
4 $28,847.19 $7,404.63 $476,738.98
5 $28,390.49 $7,861.33 $468,877.64
6 $27,905.62 $8,346.20 $460,531.44
7 $27,390.84 $8,860.98 $451,670.46
8 $26,844.32 $9,407.51 $442,262.95
9 $26,264.08 $9,987.74 $432,275.21
10 $25,648.06 $10,603.76 $421,671.45
11 $24,994.04 $11,257.78 $410,413.67
12 $24,299.69 $11,952.13 $398,461.53
13 $23,562.51 $12,689.32 $385,772.22
14 $22,779.86 $13,471.97 $372,300.25
15 $21,948.94 $14,302.89 $357,997.36
16 $21,066.77 $15,185.06 $342,812.31
17 $20,130.18 $16,121.64 $326,690.67
18 $19,135.84 $17,115.99 $309,574.68
19 $18,080.16 $18,171.66 $291,403.02
20 $16,959.37 $19,292.45 $272,110.57
21 $15,769.46 $20,482.37 $251,628.20
22 $14,506.15 $21,745.67 $229,882.53
23 $13,164.92 $23,086.90 $206,795.63
24 $11,740.97 $24,510.85 $182,284.78
25 $10,229.20 $26,022.63 $156,262.15
26 $8,624.18 $27,627.64 $128,634.51
27 $6,920.17 $29,331.66 $99,302.85
28 $5,111.05 $31,140.77 $68,162.09
29 $3,190.36 $33,061.46 $35,100.62
30 $1,151.20 $35,100.62 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Millburn, NJ


1500 sqft3900 sqft
Ø selling price$519,091$1,104,246
Ø fast selling$471,901$993,822
Ø high price sale$566,280$1,214,671

In 2026, houses in Millburn, NJ will be offered at an average price of $286 per square foot. A 1,500 sqft home priced at $519,091 is 22.70% more expensive per square foot than a 3,900 sqft home priced at $1,104,246. Home prices in Millburn, NJ vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $764,479. Sellers who can wait longer may achieve a higher price of up to $934,363.


Millburn, NJ: A Top New Jersey Community

Overview

Millburn, NJ is a vibrant township in Essex County known for top-ranked schools and a lively downtown.
Located near Short Hills and just 20 miles from New York City, Millburn offers a convenient suburban lifestyle for commuters. The community blends historic charm with modern amenities, making it one of the most desirable places to live in New Jersey.

Attractions and Things to Do

The renowned Paper Mill Playhouse anchors Millburn?s arts scene with award-winning performances and educational programs.
Outdoor lovers enjoy South Mountain Reservation, Taylor Park, and the Rahway River pathways for hiking, picnics, and family fun. Downtown Millburn features boutique shopping, acclaimed restaurants, and local coffee shops that create a walkable, small-town feel.

Transportation and Living

NJ Transit?s Midtown Direct service from Millburn and Short Hills stations provides a fast commute to Penn Station and Hoboken.
Housing options range from classic colonials to luxury estates in Short Hills, appealing to buyers seeking strong real estate values. The Millburn Township Public Schools consistently rank among the best in New Jersey, attracting families focused on education. Whether you are moving, visiting, or investing, Millburn, New Jersey combines convenience, culture, and community in an exceptional location.



FAQ – Home Values in Millburn

What is the median home value in Millburn in 2026?

In 2026, the typical home value in Millburn is about $503,875 for an average home size of 1763 square feet. This corresponds to an average price of roughly $286 per square foot.

What is the average cost per square foot in Millburn?

In 2026, homes in Millburn sell for an average of around $286 per square foot, with a typical range between $340 and $340 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Millburn is about 1763 square feet, with an estimated 2026 value around $503,875.



Locations close to Millburn, NJ

Montclair, NJ380 $ / ft²
Verona, NJ251 $ / ft²
Montville, NJ257 $ / ft²
Maplewood, NJ387 $ / ft²
Livingston, NJ322 $ / ft²
Linden, NJ281 $ / ft²
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