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 November 2021

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.

How much do homes in Milton Township, IL cost?

Median Sold Price

$393,237

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$13,519(+3.6%)

Key Takeaway

Homes in Milton Township have sold for 3.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $120K$125K
+4.2%
2 $189.6K$205K
+8.1%
3 $337.3K$360K
+6.7%
4 $517.6K$549.9K
+6.2%
5+ $670K$690K
+3.0%

Median Sold Price Compared To Nearby Cities

Glendale Heights
+6.8%
Lombard
+4.9%
Wheaton
+4.4%
Milton Township
+3.6%
Glen Ellyn
-1.9%

How many homes are available in Milton Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
355345-2.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 68
+33.3%
2 7365
-11.0%
3 123119
-3.3%
4 126130
+3.2%
5+ 2723
-14.8%

Number of Homes Sold

Oct 2022Nov 2022%
9490-4.3%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milton Township, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
24 Days24 Days+3.0%

Breakdown of Home Sale Times

69 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

7 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.

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

About Milton Township, IL

Milton Township, IL has 345 homes on the market. The number of listings in Milton Township, IL decreased by 2.8% between October 2022 and November 2022. The median list price of listings available in November 2022 was $393,237, while the average time on the real estate market was 24 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices increased by 4.2%, prices of 2 bedrooms properties increased by 8.1%, prices of 3 bedrooms properties went up by 6.7%, prices of 4 bedrooms properties went up by 6.2%, prices of 5 bedrooms properties went up by 3%. This housing market inventory have changed: 1 bedroom homes became 33.3% more available, 2 bedrooms homes became 11% less available, number of 3 bedrooms homes decreased by 3.3%, the quantity of 4 bedrooms homes went up by 3.2%, number of 5 bedrooms homes decreased by 14.8%. Milton Township, IL housing market in November 2022 saw over 20 listings sold above listed price, more than 26 sold at listed price and over 44 sold below.

Related Housing Market Reports