Is Milton / Montford, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Milton / Montford was a Seller's Market.
Key Takeaway
Milton / Montford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Milton / Montford, MD
How much do homes in Milton / Montford, MD cost?
Median Sold Price
$112,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milton / Montford have sold for 35.7% less than they did a year ago.
Summary: The median home sold price in Milton / Montford was $112,500 in April 2024, down 35.7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202K | $110K | -45.5% |
| 3 Bedrooms | $120K | $100K | -16.7% |
| 4 Bedrooms | $260K | $255K | -1.9% |
| 5+ Bedrooms | - | $315K | N/A |
Summary: Milton / Montford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 45.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Madison / Eastend | $100.6K | $104.2K | +3.6% |
| East | $140K | $124K | -11.5% |
| Milton / Montford | $174.9K | $112.5K | -35.7% |
Housing Supply in Milton / Montford, MD
How many homes are available in Milton / Montford, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The Milton / Montford real estate market had 20 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Milton / Montford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milton / Montford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Milton / Montford in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Milton / Montford, MD
How long does it take to sell a home in Milton / Montford, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 28 Days | +83.9% |
Summary: Homes in Milton / Montford had an average of 28 days on market in Apr 2024, up by 83.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milton / Montford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Milton / Montford; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
