Is Milo, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Milo was a Seller's Market.
Key Takeaway
Milo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Milo, NY
How much do homes in Milo, NY cost?
Median Sold Price
$212,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Milo have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Milo was $212,000 in May 2024, up 18.4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $232K | N/A |
| 2 Bedrooms | $162.5K | $165.5K | +1.8% |
| 3 Bedrooms | $177.5K | $212K | +19.4% |
| 4 Bedrooms | $185K | $311K | +68.1% |
| 5+ Bedrooms | $1.1M | $365K | -69.5% |
Summary: Milo 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 increased by 1.8%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 68.1%, and 5+ bedroom homes decreased by 69.5%.
Median Sold Price Compared To Nearby Cities
| Penn Yan | $204K | $246.7K | +21.0% |
| Milo | $178.9K | $212K | +18.4% |
Housing Supply in Milo, NY
How many homes are available in Milo, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Summary: The Milo real estate market had 18 homes for sale in May 2024, a 50.0% 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 | 5 | +25.0% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Milo 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 25%, 3 bedroom homes increased by 83.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Milo, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Milo in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Milo, NY
How long does it take to sell a home in Milo, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 4 Days | -52.0% |
Summary: Homes in Milo had an average of 4 days on market in May 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milo are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Milo; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.