Is Lake Milton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Lake Milton has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124K | $367.5K | +196.4% |
2 Bedrooms | $157K | $179.5K | +14.3% |
3 Bedrooms | $177.5K | $205K | +15.5% |
4 Bedrooms | $535K | $227.5K | -57.5% |
5+ Bedrooms | - | - | 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 | $228.5K | $280K | +22.5% |
Lake Milton | $199K | $210K | +5.5% |
Milton Township | $224K | $226.9K | +1.3% |
Housing Supply in Lake Milton, OH
How many homes are available in Lake Milton, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 16 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 1 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
135 Days | 18 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
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.