Millstone Township, February 2026, Single Family + Condo/Townhouse/Apt.

Q: Are prices rising?
A: Prices in Millstone Township have seen a decline, with the median sold price dropping 14% month-over-month to $957,000. However, the median list price for active listings remains high at $1,499,000.

Q: How’s the inventory?
A: Inventory is tight with only 2.13 months supply, reflecting a 4% decrease from last month and a significant 39% decrease over the past year. This indicates a competitive market environment for buyers.

Q: How long are homes on the market?
A: For pending listings, the median days in RPR is 64, while sold listings averaged 67 days, which is a 46% increase month-over-month. This suggests that while homes are staying on the market longer, there’s still active interest.

Q: What’s the buying power like?
A: With a sold-to-list price ratio at 97.24% and only a slight 2% decrease from last month, buyers can expect to negotiate but should anticipate paying close to the asking price. First-time buyers might find the competitive pricing challenging, but move-up buyers could leverage this to their advantage.

Millstone Township offers recreational spaces such as the scenic Perrineville Lake Park, ideal for outdoor activities. For personalized insights into navigating Millstone Township’s dynamic real estate market, reach out to one of our ERA Central Realty Group agents.