Is Milton Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milton Township is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Milton Township, IL

How much do homes in Milton Township, IL cost?

Median Sold Price

$435,669

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$33,955(+8.5%)

Key Takeaway

Homes in Milton Township have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Milton Township was $435,669 in June 2024, up 8.5% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $140K$160K
+14.3%
2 $217K$246.3K
+13.5%
3 $379.3K$407.5K
+7.4%
4 $561.7K$606.6K
+8.0%
5+ $675K$777K
+15.1%

Summary: Milton Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 15.1%.

Median Sold Price Compared To Nearby Cities

Glendale Heights
+12.0%
Glen Ellyn
+9.1%
Milton Township
+8.5%
Wheaton
+7.7%
Lombard
+5.2%

Housing Supply in Milton Township, IL

How many homes are available in Milton Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
340376+10.6%

Summary: The Milton Township real estate market had 376 homes for sale in June 2024, a 10.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 43
-25.0%
2 6175
+23.0%
3 119123
+3.4%
4 119132
+10.9%
5+ 3743
+16.2%

Summary: The Milton Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 16.2%.

Number of Homes Sold

May 2024Jun 2024CHANGE
113118+4.4%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

66 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milton Township, you could pay more than the asking price. 55.9% of homes here sold above asking price last month.

Summary: A total of 118 homes were sold or pending in Milton Township in June 2024, up by 4.4% month-over-month. Of the 118 sold homes, 28% were sold under asking, 16% 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

Jun 2023Jun 2024CHANGE
12 Days12 Days+3.6%

Summary: Homes in Milton Township had an average of 12 days on market in Jun 2024, up by 3.6% compared to last year.

Breakdown of Home Sale Times

109 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 118 homes were sold in Milton Township; 92% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

Newest Listings in Milton Township, IL

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