Is Milton, WA 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 June 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, WA

How much do homes in Milton, WA cost?

Median Sold Price

$590,000

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$63,000(+12.0%)

Key Takeaway

Homes in Milton have sold for 12% more than they did a year ago.

Summary: The median home sold price in Milton was $590,000 in June 2024, up 12% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $344.9K-
N/A
2 $390K$395K
+1.3%
3 $518.5K$585K
+12.8%
4 $590K$690.9K
+17.1%
5+ $810K$722.4K
-10.8%

Summary: Milton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes decreased by 10.8%.

Median Sold Price Compared To Nearby Cities

Milton
+12.0%
Edgewood
+9.3%
Federal Way
+7.6%
Federal Way-Auburn
+4.7%
Fife
-5.6%

Housing Supply in Milton, WA

How many homes are available in Milton, WA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2737+37.0%

Summary: The Milton real estate market had 37 homes for sale in June 2024, a 37.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1825
+38.9%
4 46
+50.0%
5+ 23
+50.0%

Summary: The Milton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

May 2024Jun 2024CHANGE
310+233.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Milton in June 2024, up by 233.3% month-over-month. Of the 10 sold homes, 10% were sold under asking, 50% were sold at asking, and 40% were sold over asking.

Days on Market for Milton, WA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
10 Days35 Days+252.1%

Summary: Homes in Milton had an average of 35 days on market in Jun 2024, up by 252.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 June 2024, 10 homes were sold in Milton; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 23 Days Ago

Newest Listings in Milton, WA

Nearby Markets to Milton, WA

What housing markets are near Milton, WA?