Is Milton, MA 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 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
$888,000
$494/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Milton have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Milton was $888,000 in March 2024, down 1.3% from last year, and the median price per square foot was $494.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $541K | $562.5K | +4.0% |
| 2 Bedrooms | $671K | $739K | +10.1% |
| 3 Bedrooms | $823K | $830K | +0.9% |
| 4 Bedrooms | $1.0M | $1.0M | +3.7% |
| 5+ Bedrooms | $1.2M | $1.2M | +2.0% |
Summary: Milton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Quincy | $615K | $644.4K | +4.8% |
| Boston | $778.6K | $803.9K | +3.3% |
| Randolph | $507.5K | $517.7K | +2.0% |
| Dorchester Center | $694.5K | $686.9K | -1.1% |
| Milton | $900K | $888K | -1.3% |
Housing Supply in Milton, MA
How many homes are available in Milton, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Summary: The Milton real estate market had 57 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Milton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 19 | +72.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milton, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Milton in March 2024, up by 72.7% month-over-month. Of the 19 sold homes, 32% were sold under asking, 26% were sold at asking, and 42% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 92 Days | +84.1% |
Summary: Homes in Milton had an average of 92 days on market in Mar 2024, up by 84.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Milton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 19 homes were sold in Milton; 37% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
