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 November 2021

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.

How much do homes in Milton, MA cost?

Median Sold Price

$880,187

$448/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$55,187(+6.7%)

Key Takeaway

Homes in Milton have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $510K$541K
+6.1%
2 $640K$658.5K
+2.9%
3 $735K$820K
+11.6%
4 $912.5K$987.5K
+8.2%
5+ $1.1M$1.3M
+11.4%

Median Sold Price Compared To Nearby Cities

Randolph
+10.9%
Quincy
+8.5%
Milton
+6.7%
Boston
+6.2%
Dorchester Center
+5.2%

How many homes are available in Milton, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
8367-19.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 22
0.0%
2 912
+33.3%
3 3127
-12.9%
4 2213
-40.9%
5+ 1913
-31.6%

Number of Homes Sold

Oct 2022Nov 2022%
2518-28.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

10 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. 55.6% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
41 Days46 Days+13.2%

Breakdown of Home Sale Times

9 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 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, MA

Number of homes for sale in Milton, MA real estate market have reached 67. The number of homes for sale in Milton, MA decreased by 19.3% between October 2022 and November 2022. In November 2022 median list price was $880,187 and the average listing age was 46 days. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 6.1%, prices of 2 bedrooms properties increased by 2.9%, prices of 3 bedrooms properties increased by 11.6%, 4 bedrooms properties became 8.2% more expensive, the cost of 5 bedrooms properties went up by 11.4%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went up by 33.3%, 3 bedrooms homes inventory decreased by 12.9%, 4 bedrooms homes inventory decreased by 40.9%, 5 bedrooms homes became 31.6% less available. While more than 10 listings in Milton, MA in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 8 were sold below.

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