Is Millington, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Millington has remained a Seller's Market.
Housing Prices in Millington, MI
How much do homes in Millington, MI cost?
Median Sold Price
$180,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Millington was $180,000 in April 2024, up 10.5% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $219.9K | +131.5% |
2 Bedrooms | $132.9K | $161.3K | +21.4% |
3 Bedrooms | $149.9K | $176K | +17.4% |
4 Bedrooms | $219K | $239.2K | +9.2% |
5+ Bedrooms | $215K | $247.2K | +15.0% |
Summary: Millington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 131.5%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Millington | $162.9K | $180K | +10.5% |
Millington Township | $173.7K | $180K | +3.6% |
Housing Supply in Millington, MI
How many homes are available in Millington, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Summary: The Millington real estate market had 20 homes for sale in April 2024, a 25.0% 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 | 5 | 2 | -60.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Millington 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 decreased by 60%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Millington in April 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Millington, MI
How long does it take to sell a home in Millington, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 14 Days | -74.9% |
Summary: Homes in Millington had an average of 14 days on market in Apr 2024, down by 74.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Millington; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.