Is Milton-Freewater, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milton-Freewater is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Milton-Freewater was a Buyer's Market.

Key Takeaway

Milton-Freewater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Milton-Freewater, OR

How much do homes in Milton-Freewater, OR cost?

Median Sold Price

$283,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,500(+2.0%)

Key Takeaway

Homes in Milton-Freewater have sold for 2% more than they did a year ago.

Summary: The median home sold price in Milton-Freewater was $283,000 in February 2024, up 2% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $140K$158.2K
+13.0%
2 $248.5K$245K
-1.4%
3 $280K$285K
+1.8%
4 $305K$294.5K
-3.4%
5+ $389.5K-
N/A

Summary: Milton-Freewater housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes did not change.

Housing Supply in Milton-Freewater, OR

How many homes are available in Milton-Freewater, OR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3632-11.1%

Summary: The Milton-Freewater real estate market had 32 homes for sale in February 2024, a 11.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 99
0.0%
3 2017
-15.0%
4 32
-33.3%
5+ 33
0.0%

Summary: The Milton-Freewater 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 remained the same, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milton-Freewater, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Milton-Freewater in February 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for Milton-Freewater, OR

How long does it take to sell a home in Milton-Freewater, OR?

Average Sale Time

Feb 2023Feb 2024CHANGE
57 Days100 Days+75.7%

Summary: Homes in Milton-Freewater had an average of 100 days on market in Feb 2024, up by 75.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Milton-Freewater are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 7 homes were sold in Milton-Freewater; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 57% 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 27 Days Ago

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