Is Milam County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Milam County was a Seller's Market.
Housing Prices in Milam County, TX
How much do homes in Milam County, TX cost?
Median Sold Price
$228,250
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Milam County was $228,250 in April 2024, up 2.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.5K | $105K | -8.3% |
2 Bedrooms | $152K | $163.5K | +7.6% |
3 Bedrooms | $229.5K | $232.5K | +1.3% |
4 Bedrooms | $322K | $349K | +8.4% |
5+ Bedrooms | $745K | $750K | +0.7% |
Summary: Milam County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Counties
Lee County | $266K | $320K | +20.3% |
Milam County | $222.6K | $228.2K | +2.5% |
Robertson County | $314K | $300K | -4.5% |
Burleson County | $329K | $265K | -19.5% |
Housing Supply in Milam County, TX
How many homes are available in Milam County, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 86 | -1.1% |
Summary: The Milam County real estate market had 86 homes for sale in April 2024, a 1.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 44 | 43 | -2.3% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Milam County 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 remained the same, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Milam County in April 2024, down by 15.4% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Milam County, TX
How long does it take to sell a home in Milam County, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 74 Days | +4.1% |
Summary: Homes in Milam County had an average of 74 days on market in Apr 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Milam County; 45% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.