Is Milton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Milton Township has remained a Seller's Market.
Key Takeaway
Milton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milton Township, MI
How much do homes in Milton Township, MI cost?
Median Sold Price
$270,000
$156/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Milton Township have sold for 25.4% less than they did a month ago.
Summary: The median home sold price in Milton Township was $270,000 in April 2024, down 25.4% from last month, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $180K | -58.6% |
| 3 Bedrooms | $289K | - | N/A |
| 4 Bedrooms | - | $270K | N/A |
| 5+ Bedrooms | - | $1.4M | N/A |
Summary: Milton Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 58.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Clearwater Township | $301.5K | $493.7K | +63.8% |
| Elk Rapids Township | $425K | $525K | +23.5% |
| Milton Township | $362K | $270K | -25.4% |
| Kewadin | $435K | $215K | -50.6% |
Housing Supply in Milton Township, MI
How many homes are available in Milton Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Summary: The Milton Township real estate market had 23 homes for sale in April 2024, a 35.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Milton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Milton Township, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Milton Township in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 80% were sold at asking, and 20% were sold over asking.
Days on Market for Milton Township, MI
How long does it take to sell a home in Milton Township, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 27 Days | -45.0% |
Summary: Homes in Milton Township had an average of 27 days on market in Apr 2024, down by 45% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milton Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Milton Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
