Is Millsboro, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millsboro is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Millsboro has remained a Seller's Market.

Key Takeaway

Millsboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Millsboro, DE cost?

Median Sold Price

$300,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$56,000(+23.0%)

Key Takeaway

Homes in Millsboro have sold for 23% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $110K$142K
+29.1%
2 $177.9K$243K
+36.6%
3 $255K$310K
+21.6%
4 $306.9K$414.5K
+35.1%
5+ $342.2K$350K
+2.3%

How many homes are available in Millsboro, DE?

Number of Homes For Sale

Jul 2022Aug 2022%
5967+13.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 22
0.0%
2 1615
-6.3%
3 3642
+16.7%
4 56
+20.0%
5+ 02
+100.0%

Number of Homes Sold

Jul 2022Aug 2022%
217+750.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millsboro, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
9 Days16 Days+65.3%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Millsboro are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Millsboro, DE

Number of homes for sale in Millsboro, DE real estate market have reached 67. The inventory of homes for sale in Millsboro, DE between July 2022 and August 2022 increased by 13.6%. In August 2022 median list price was $300,000 and the average listing age was 16 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 29.1%, 2 bedrooms properties prices increased by 36.6%, prices of 3 bedrooms properties increased by 21.6%, 4 bedrooms properties prices increased by 35.1%, 5 bedrooms properties became 2.3% more expensive. This housing market inventory have changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 6.3%, the quantity of 3 bedrooms homes went up by 16.7%, 4 bedrooms homes became 20% more available, 5 bedrooms homes became 100% more available. In August 2022, from all listings sold in Millsboro, DE there were more than 5 sold above asking price, over 7 sold below and more than 5 were sold right at the asked price.