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 October 2021

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.

How much do homes in Milton, WA cost?

Median Sold Price

$525,000

$334/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$25,050(+5.0%)

Key Takeaway

Homes in Milton have sold for 5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $334K$380K
+13.8%
3 $435K$540K
+24.1%
4 $577K$647.5K
+12.2%
5+ $649.9K$653K
0.5%

Median Sold Price Compared To Nearby Cities

Fife
+19.3%
Federal Way
+14.2%
Federal Way-Auburn
+13.4%
Edgewood
+7.9%
Milton
+5.0%

How many homes are available in Milton, WA?

Number of Homes For Sale

Sep 2022Oct 2022%
3229-9.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 56
+20.0%
3 1412
-14.3%
4 97
-22.2%
5+ 33
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
710+42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was 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. 60% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
7 Days20 Days+197.1%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Milton, WA

Number of homes for sale in Milton, WA real estate market have reached 29. The number of homes for sale in Milton, WA decreased by 9.4% between September 2022 and October 2022. Listings spent 20 days on the market in October 2022, and had a median list price of $525,000 during the same period. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 13.8%, prices of 3 bedrooms properties increased by 24.1%, the cost of 4 bedrooms properties went up by 12.2%, 5 bedrooms properties became 0.5% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 20% more available, number of 3 bedrooms homes decreased by 14.3%, 4 bedrooms homes inventory decreased by 22.2%, 5 bedrooms homes did not move. Milton, WA housing market in October 2022 saw over 1 listings sold above listed price, more than 6 sold at listed price and over 3 sold below.

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