As of mid-2012, the median home price in Millerton is at around $199,000. That has apparently dropped about 15% since the first quarter of this year. Take that with a grain of salt, however, as those figures are based off of some small sample sizes.
For the town at large (North East), the average home value is a little over $230,000, so the $199k number for Millerton isn't too horribly far off. Some nearby towns have much, much, much higher averages, so I would think that this is the kind of place where you could get a bargain, all things considered.
