Is Lake Milton, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Milton is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Lake Milton has remained a Buyer's Market.

Key Takeaway

Lake Milton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lake Milton, OH

How much do homes in Lake Milton, OH cost?

Median Sold Price

$210,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$11,000(+5.5%)

Key Takeaway

Homes in Lake Milton have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Lake Milton was $210,000 in February 2024, up 5.5% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $124K$367.5K
+196.4%
2 $157K$179.5K
+14.3%
3 $177.5K$205K
+15.5%
4 $535K$227.5K
-57.5%
5+ --
N/A

Summary: Lake Milton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 196.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 57.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Palmyra Township
+22.5%
Lake Milton
+5.5%
Milton Township
+1.3%

Housing Supply in Lake Milton, OH

How many homes are available in Lake Milton, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1716-5.9%

Summary: The Lake Milton real estate market had 16 homes for sale in February 2024, a 5.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 65
-16.7%
3 98
-11.1%
4 01
+100.0%
5+ 00
0.0%

Summary: The Lake Milton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Milton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Lake Milton in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lake Milton, OH

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

Average Sale Time

Feb 2023Feb 2024CHANGE
135 Days18 Days-86.7%

Summary: Homes in Lake Milton had an average of 18 days on market in Feb 2024, down by 86.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Milton are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Lake Milton; 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.

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

Report Updated 28 Days Ago

Newest Listings in Lake Milton, OH

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