Is Milford North, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Milford North was a Seller's Market.
Housing Prices in Milford North, DE
How much do homes in Milford North, DE cost?
Median Sold Price
$341,798
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Milford North was $341,798 in April 2024, down 2.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $202K | $190K | -5.9% |
3 Bedrooms | $302.4K | $331.1K | +9.5% |
4 Bedrooms | $407K | $416K | +2.2% |
5+ Bedrooms | $502.3K | $466.7K | -7.1% |
Summary: Milford North housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in Milford North, DE
How many homes are available in Milford North, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 61 | -3.2% |
Summary: The Milford North real estate market had 61 homes for sale in April 2024, a 3.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 35 | 29 | -17.1% |
4 Bedrooms | 21 | 26 | +23.8% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Milford North housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 8 | -55.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Milford North in April 2024, down by 55.6% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Milford North, DE
How long does it take to sell a home in Milford North, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 26 Days | -38.0% |
Summary: Homes in Milford North had an average of 26 days on market in Apr 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Milford North; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.