Is Milford North, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Milford North has remained a Seller's Market.
Key Takeaway
Milford North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milford North, DE
How much do homes in Milford North, DE cost?
Median Sold Price
$353,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Milford North have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Milford North was $353,000 in May 2024, up 0.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202K | $199.9K | -1.0% |
| 3 Bedrooms | $310K | $335K | +8.1% |
| 4 Bedrooms | $407K | $418K | +2.7% |
| 5+ Bedrooms | $502.3K | $433.5K | -13.7% |
Summary: Milford North housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 13.7%.
Housing Supply in Milford North, DE
How many homes are available in Milford North, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 68 | +6.3% |
Summary: The Milford North real estate market had 68 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Milford North housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford North, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Milford North in May 2024, up by 44.4% month-over-month. Of the 13 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.
Days on Market for Milford North, DE
How long does it take to sell a home in Milford North, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 37 Days | +155.8% |
Summary: Homes in Milford North had an average of 37 days on market in May 2024, up by 155.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Milford North are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Milford North; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
