Is Milton, NY 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 2023

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.

Housing Prices in Milton, NY

How much do homes in Milton, NY cost?

Median Sold Price

$381,500

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,500(+9.0%)

Key Takeaway

Homes in Milton have sold for 9% more than they did a year ago.

Summary: The median home sold price in Milton was $381,500 in November 2024, up 9% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $237K$280K
+18.1%
3 $351.8K$380K
+8.0%
4 $425K$475K
+11.8%
5+ $459.5K$527K
+14.7%

Summary: Milton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 14.7%.

Median Sold Price Compared To Nearby Cities

Milton
+9.0%
Saratoga Springs
+6.8%
Ballston Spa
+4.8%
Malta
+3.4%

Housing Supply in Milton, NY

How many homes are available in Milton, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9075-16.7%

Summary: The Milton real estate market had 75 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 84
-50.0%
3 5246
-11.5%
4 2822
-21.4%
5+ 23
+50.0%

Summary: The Milton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1921+10.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 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. 47.6% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Milton in November 2024, up by 10.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 29% were sold at asking, and 48% were sold over asking.

Days on Market for Milton, NY

How long does it take to sell a home in Milton, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days29 Days+74.2%

Summary: Homes in Milton had an average of 29 days on market in Nov 2024, up by 74.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 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.

Summary: During November 2024, 21 homes were sold in Milton; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Milton, NY

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