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A Short Review of the Short Hills/Millburn 2018 Real Estate Market – Top 10 Most Expensive Houses Sold in 2018

by: Sue Adler
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Short Hills/Millburn has consistently been one of the most desirable Mid-town direct communities to live in for a variety of reasons. Although known for its high-end real estate, the majority of houses sold in the township during 2018 were for $1.5 million or less. In fact, the $1 million or less market was very robust and houses in that segment tended to spend fewer days on the market and sold closer to their original list price. Nevertheless, Short Hills continues to top the list of the most expensive home listing in the Midtown Direct towns. So let’s take a look at the top 10 expensive homes sold in 2018 plus some other statistics for Millburn/Short Hills:

  1. 40 Montview Avenue – $6.0 million
  2. 44 Montview Avenue – $5.0 million
  3. 2 Jefferson Avenue – $4.0 million
  4. 33 Brooklawn Drive – $3.975 million
  5. 12 Ferndale Road – $3.850 million
  6. 77 Stewart Road – $3.250 million
  7. 459 Long Hill Drive – $3.175 million
  8. 50 Farley Road – $3.175 million
  9. 1 Cora Way – $3.0 million
  10. 6 Delwick Lane – $2.810 million

2018 Short Hills/Millburn Facts and Figures

$1,000,000 and Under

  • Total Listed: 148
  • Transactions: 92
  • Average Days On Market: 54
  • Original List to Sale Price:  97.69%
  • Sold at or above list price: 40

$1,000,001 – $1,500,00

  • Total Listed: 137
  • Transactions: 90
  • Average Days On Market: 62
  • Original List to Sale Price: 92.31%
  • Sold at or above list price: 19

$1,500,001 – $2,000,000

  • Total Listed: 75
  • Transactions: 46
  • Average Days On Market: 162
  • Original List to Sale Price: 89.78%
  • Sold at or above list price: 9

Over $2,000,001

  • Total Listed: 90
  • Transactions: 41
  • Average Days On Market: 220
  • Original List to Sale Price: 87.47%
  • Sold at or above list price: 1

Please contact The Sue Adler Team at 973-936-9129 for further information about the Short Hills/Millburn real estate market.

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