Is Milton, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Milton was a Seller's Market.
Housing Prices in Milton, WA
How much do homes in Milton, WA cost?
Median Sold Price
$600,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Milton was $600,000 in May 2024, up 14.3% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $344.9K | - | N/A |
2 Bedrooms | $374.9K | $405.5K | +8.1% |
3 Bedrooms | $518.5K | $585K | +12.8% |
4 Bedrooms | $585K | $667.4K | +14.1% |
5+ Bedrooms | $820K | $739.9K | -9.8% |
Summary: Milton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
Milton | $525K | $600K | +14.3% |
Edgewood | $654.7K | $730K | +11.5% |
Federal Way | $550.5K | $576.2K | +4.7% |
Federal Way-Auburn | $544.7K | $556.2K | +2.1% |
Fife | $517.1K | $478K | -7.6% |
Housing Supply in Milton, WA
How many homes are available in Milton, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 26 | -18.8% |
Summary: The Milton real estate market had 26 homes for sale in May 2024, a 18.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 18 | 15 | -16.7% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Milton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 3 | -76.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Milton in May 2024, down by 76.9% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Milton, WA
How long does it take to sell a home in Milton, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 12 Days | -28.4% |
Summary: Homes in Milton had an average of 12 days on market in May 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Milton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.