Is Millville, 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, Millville was a Seller's Market.
Housing Prices in Millville, DE
How much do homes in Millville, DE cost?
Median Sold Price
$430,445
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Millville was $430,445 in April 2024, down 4.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $472.9K | $331.4K | -29.9% |
3 Bedrooms | $429.9K | $399.9K | -7.0% |
4 Bedrooms | $563K | $550K | -2.3% |
5+ Bedrooms | $535K | $549.9K | +2.8% |
Summary: Millville 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 29.9%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
Selbyville-Frankford | $534.3K | $537.1K | 0.5% |
Ocean View | $515K | $502.4K | -2.4% |
Millville | $450K | $430.4K | -4.3% |
Housing Supply in Millville, DE
How many homes are available in Millville, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 48 | -2.0% |
Summary: The Millville real estate market had 48 homes for sale in April 2024, a 2.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 34 | 31 | -8.8% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Millville 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 remained the same, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 3 | -62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Millville in April 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Millville, DE
How long does it take to sell a home in Millville, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 51 Days | -35.5% |
Summary: Homes in Millville had an average of 51 days on market in Apr 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Millville; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.