Is Milton, MA 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, MA
How much do homes in Milton, MA cost?
Median Sold Price
$900,000
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Milton was $900,000 in May 2024, up 1.7% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $470K | $655K | +39.4% |
2 Bedrooms | $675K | $739K | +9.5% |
3 Bedrooms | $817.5K | $835K | +2.1% |
4 Bedrooms | $955K | $1.0M | +11.0% |
5+ Bedrooms | $1.2M | $1.3M | +6.4% |
Summary: Milton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.4%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Randolph | $500K | $526.6K | +5.3% |
Quincy | $615K | $641.8K | +4.4% |
Boston | $776.6K | $808.9K | +4.1% |
Milton | $884.9K | $900K | +1.7% |
Dorchester Center | $687.2K | $689K | 0.3% |
Housing Supply in Milton, MA
How many homes are available in Milton, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 91 | +30.0% |
Summary: The Milton real estate market had 91 homes for sale in May 2024, a 30.0% increase 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 | 9 | 8 | -11.1% |
3 Bedrooms | 25 | 37 | +48.0% |
4 Bedrooms | 16 | 24 | +50.0% |
5+ Bedrooms | 20 | 22 | +10.0% |
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 11.1%, 3 bedroom homes increased by 48%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Milton in May 2024, the same as the previous month. Of the 12 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Milton, MA
How long does it take to sell a home in Milton, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 17 Days | -23.0% |
Summary: Homes in Milton had an average of 17 days on market in May 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
11 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, 12 homes were sold in Milton; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.