Is Milton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$428,842
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Milton Township was $428,842 in April 2024, up 7.1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $157K | +14.2% |
2 Bedrooms | $212K | $237.6K | +12.1% |
3 Bedrooms | $370.8K | $400.4K | +8.0% |
4 Bedrooms | $575K | $606.3K | +5.4% |
5+ Bedrooms | $675K | $787K | +16.6% |
Summary: Milton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 16.6%.
Median Sold Price Compared To Nearby Cities
Wheaton | $384.2K | $425.6K | +10.8% |
Glendale Heights | $249.9K | $270.6K | +8.3% |
Milton Township | $400.5K | $428.8K | +7.1% |
Lombard | $304.7K | $326K | +7.0% |
Glen Ellyn | $448.7K | $464.2K | +3.5% |
Housing Supply in Milton Township, IL
How many homes are available in Milton Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
276 | 326 | +18.1% |
Summary: The Milton Township real estate market had 326 homes for sale in April 2024, a 18.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 55 | 57 | +3.6% |
3 Bedrooms | 87 | 104 | +19.5% |
4 Bedrooms | 100 | 117 | +17.0% |
5+ Bedrooms | 26 | 42 | +61.5% |
Summary: The Milton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 61.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 123 | +30.9% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
69 Homes Were Sold
Over Asking
Summary: A total of 123 homes were sold or pending in Milton Township in April 2024, up by 30.9% month-over-month. Of the 123 sold homes, 29% were sold under asking, 15% were sold at asking, and 56% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 13 Days | -31.9% |
Summary: Homes in Milton Township had an average of 13 days on market in Apr 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
111 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 123 homes were sold in Milton Township; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.