Is Milton, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milton is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Milton, MA

How much do homes in Milton, MA cost?

Median Sold Price

$925,000

$504/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$26,000(+2.9%)

Key Takeaway

Homes in Milton have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Milton was $925,000 in September 2024, up 2.9% from last year, and the median price per square foot was $504.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $598K$492.9K
-17.6%
2 $715K$739K
+3.4%
3 $818K$877.5K
+7.3%
4 $990K$1.1M
+11.4%
5+ $1.1M$1.5M
+33.8%

Summary: Milton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 33.8%.

Median Sold Price Compared To Nearby Cities

Randolph
+9.2%
Quincy
+6.8%
Boston
+4.6%
Milton
+2.9%
Dorchester Center
-2.7%

Housing Supply in Milton, MA

How many homes are available in Milton, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7386+17.8%

Summary: The Milton real estate market had 86 homes for sale in September 2024, a 17.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 139
-30.8%
3 2529
+16.0%
4 2133
+57.1%
5+ 1313
0.0%

Summary: The Milton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2215-31.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milton, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Milton in September 2024, down by 31.8% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.

Days on Market for Milton, MA

How long does it take to sell a home in Milton, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
36 Days35 Days-1.6%

Summary: Homes in Milton had an average of 35 days on market in Sep 2024, down by 1.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 15 homes were sold in Milton; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% 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 15 Days Ago

Newest Listings in Milton, MA

Nearby Markets to Milton, MA

What housing markets are near Milton, MA?