Is Milton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Milton Township was a Buyer's Market.
Key Takeaway
Milton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milton Township, MI
How much do homes in Milton Township, MI cost?
Median Sold Price
$500,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Milton Township have sold for 12% more than they did a year ago.
Summary: The median home sold price in Milton Township was $500,000 in March 2024, up 12% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | - | N/A |
| 2 Bedrooms | $206K | $265K | +28.6% |
| 3 Bedrooms | $275.1K | $275K | 0% |
| 4 Bedrooms | $595K | $576K | -3.2% |
| 5+ Bedrooms | $720K | $699K | -2.9% |
Summary: Milton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Jefferson Township | $221.5K | $295K | +33.2% |
| Milton Township | $446.2K | $500K | +12.0% |
| Ontwa Township | $249.9K | $265K | +6.0% |
| Howard Township | $222K | $187.9K | -15.3% |
Housing Supply in Milton Township, MI
How many homes are available in Milton Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Milton Township real estate market had 12 homes for sale in March 2024, a 9.1% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Milton Township 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milton Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Milton Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Milton Township, MI
How long does it take to sell a home in Milton Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Milton Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Milton Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
