I get updates on new listings in Millburn and occasionally check them out. My general impression has always been that things are expensive (overly). I decided to pull some stats and was amazed to find the median list price almost 3x that of Montclair. Here’s a quick comparison.

How much is this is due to the mix of housing stock and how much is a direct value comparison and if it’s the later, to what is it attributable? While I haven’t made an empirical study, there is a definite overinflation of price in Millburn that must be due in a large part to the school rankings (notice I say ranking and not quality). School comparisons and the self-fulfilling prophecy of rankings can take up a whole series of newsletters.
Click below to see the 4BR split level that $1,349,000 (ask) gets you in Millburn.






