Is Milton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Milton Township has remained a Seller's Market.
Housing Prices in Milton Township, IL
How much do homes in Milton Township, IL cost?
Median Sold Price
$435,346
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Milton Township was $435,346 in May 2024, up 8.8% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $159K | +13.6% |
2 Bedrooms | $216K | $243.7K | +12.8% |
3 Bedrooms | $375K | $405K | +8.0% |
4 Bedrooms | $571K | $605.6K | +6.1% |
5+ Bedrooms | $675K | $775K | +14.8% |
Summary: Milton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
Wheaton | $388.9K | $434.5K | +11.7% |
Glendale Heights | $249K | $276K | +10.8% |
Milton Township | $399.9K | $435.3K | +8.8% |
Lombard | $308.8K | $328.6K | +6.4% |
Glen Ellyn | $444.9K | $461.5K | +3.7% |
Housing Supply in Milton Township, IL
How many homes are available in Milton Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
318 | 359 | +12.9% |
Summary: The Milton Township real estate market had 359 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 58 | 67 | +15.5% |
3 Bedrooms | 104 | 123 | +18.3% |
4 Bedrooms | 113 | 124 | +9.7% |
5+ Bedrooms | 37 | 41 | +10.8% |
Summary: The Milton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
131 | 103 | -21.4% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Milton Township in May 2024, down by 21.4% month-over-month. Of the 103 sold homes, 31% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Milton Township, IL
How long does it take to sell a home in Milton Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 14 Days | +1.2% |
Summary: Homes in Milton Township had an average of 14 days on market in May 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 103 homes were sold in Milton Township; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.