Is Milton, 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, Milton was a Seller's Market.
Housing Prices in Milton, DE
How much do homes in Milton, DE cost?
Median Sold Price
$485,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Milton was $485,000 in April 2024, up 10% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $261K | $364.9K | +39.8% |
3 Bedrooms | $442.9K | $456.2K | +3.0% |
4 Bedrooms | $501K | $577.5K | +15.3% |
5+ Bedrooms | $440K | $645K | +46.6% |
Summary: Milton 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 increased by 39.8%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 46.6%.
Housing Supply in Milton, DE
How many homes are available in Milton, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 145 | +13.3% |
Summary: The Milton real estate market had 145 homes for sale in April 2024, a 13.3% increase 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 | 10 | 13 | +30.0% |
3 Bedrooms | 80 | 90 | +12.5% |
4 Bedrooms | 33 | 36 | +9.1% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Milton 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 increased by 30%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 15 | -34.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Milton in April 2024, down by 34.8% month-over-month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% were sold over asking.
Days on Market for Milton, DE
How long does it take to sell a home in Milton, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 71 Days | +73.5% |
Summary: Homes in Milton had an average of 71 days on market in Apr 2024, up by 73.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Milton; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.