Is Milton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$425,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Milton Township was $425,000 in March 2024, up 6.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $156.2K | +17.5% |
2 Bedrooms | $210.7K | $235K | +11.5% |
3 Bedrooms | $366.3K | $399.3K | +9.0% |
4 Bedrooms | $575K | $601.2K | +4.6% |
5+ Bedrooms | $679K | $775K | +14.1% |
Summary: Milton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
Wheaton | $384.7K | $425K | +10.5% |
Lombard | $303K | $325.1K | +7.3% |
Glendale Heights | $249.5K | $265K | +6.2% |
Milton Township | $400.4K | $425K | +6.1% |
Glen Ellyn | $448.7K | $449.1K | 0.1% |
Housing Supply in Milton Township, IL
How many homes are available in Milton Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
255 | 279 | +9.4% |
Summary: The Milton Township real estate market had 279 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 7 | -30.0% |
2 Bedrooms | 50 | 56 | +12.0% |
3 Bedrooms | 91 | 93 | +2.2% |
4 Bedrooms | 79 | 95 | +20.3% |
5+ Bedrooms | 25 | 28 | +12.0% |
Summary: The Milton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 91 | +35.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in Milton Township in March 2024, up by 35.8% month-over-month. Of the 91 sold homes, 32% were sold under asking, 12% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 22 Days | -23.2% |
Summary: Homes in Milton Township had an average of 22 days on market in Mar 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 91 homes were sold in Milton Township; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.