Is Milo, NY 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, Milo has remained a Seller's Market.
Key Takeaway
Milo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milo, NY
How much do homes in Milo, NY cost?
Median Sold Price
$202,950
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Milo have sold for 16% more than they did a year ago.
Summary: The median home sold price in Milo was $202,950 in March 2024, up 16% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $232K | N/A |
| 2 Bedrooms | $160K | $164.5K | +2.8% |
| 3 Bedrooms | $165K | $227K | +37.6% |
| 4 Bedrooms | $203.3K | $245.5K | +20.8% |
| 5+ Bedrooms | $1.1M | $365K | -69.5% |
Summary: Milo 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 2.8%, 3 bedroom homes increased by 37.6%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 69.5%.
Median Sold Price Compared To Nearby Cities
| Milo | $175K | $202.9K | +16.0% |
| Benton | $164.9K | $188K | +14.0% |
| Penn Yan | $210K | $237K | +12.9% |
Housing Supply in Milo, NY
How many homes are available in Milo, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Summary: The Milo real estate market had 16 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 5 | 10 | +100.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Milo 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 25%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Milo, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Milo in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Milo, NY
How long does it take to sell a home in Milo, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 7 Days | -75.5% |
Summary: Homes in Milo had an average of 7 days on market in Mar 2024, down by 75.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milo are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Milo; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
