Millville Housing Update: Prices Edge Up, Inventory Builds
Millville, NJ – March 10, 2026 – Home values rose modestly over the past year as inventory improved and rents eased, signaling a steadier local market.
Top takeaways
- Typical home value: $249K, up 2.4% year over year.
- Median sale price (January): $207K; 26 homes sold.
- About 100 homes on the market at month’s end, including 29 new listings.
- Average apartment rent: $1,270, down 5.4% year over year.
Market snapshot
The local housing market is showing modest price growth alongside a gradual build in inventory, offering buyers more choice than a year ago. Zillow reports a typical home value of $248,522 as of January 31, 2026, reflecting a 2.4% annual increase. Homes are going pending in about 28 days, suggesting steady — but not rapid — demand.
Inventory reached roughly 100 active listings by the end of January, with 29 new listings added during the month. The rise in available homes points to improved selection compared with tighter conditions seen previously.
Redfin data for January 2026 shows a median sale price of $207,050, up 1.0% from a year earlier. A total of 26 homes sold during the month, compared with 24 sales in January 2025. Median days on market was 43 days, indicating properties are moving at a measured pace.
What’s for sale
Current listings include a mix of smaller single-family homes, fixer-uppers, and newer construction. Buyers can also find properties with larger lots as well as vacant land. The range of price points underscores the city’s relative affordability within South Jersey, particularly for first-time buyers or those seeking lower-cost options.
The combination of moderate appreciation and a broader selection of homes may create opportunities for buyers who were previously sidelined by limited inventory.
Rental check
On the rental side, conditions have eased. RentCafe reports the average apartment rent at $1,270 as of February 2026, down 5.41% from a year earlier. One-bedroom units average $1,232, while two-bedroom apartments average $1,320.
The dip in rents, paired with modest home price growth, signals a more balanced local market overall. Buyers and renters alike are seeing less intense competition than in prior years, even as demand remains consistent.