Is Millsmont, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millsmont is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Millsmont was a Seller's Market.

Key Takeaway

Millsmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Millsmont, CA

How much do homes in Millsmont, CA cost?

Median Sold Price

$700,000

$481/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$35,250(-4.8%)

Key Takeaway

Homes in Millsmont have sold for 4.8% less than they did a month ago.

Summary: The median home sold price in Millsmont was $700,000 in September 2024, down 4.8% from last month, and the median price per square foot was $481.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$780K
N/A
3 $698K-
N/A
4 $772.5K$620K
-19.7%
5+ --
N/A

Summary: Millsmont housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes did not change.

Housing Supply in Millsmont, CA

How many homes are available in Millsmont, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1618+12.5%

Summary: The Millsmont real estate market had 18 homes for sale in September 2024, a 12.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 59
+80.0%
4 85
-37.5%
5+ 00
0.0%

Summary: The Millsmont housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 80%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millsmont, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Millsmont in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Millsmont, CA

How long does it take to sell a home in Millsmont, CA?

Average Sale Time

Aug 2024Sep 2024CHANGE
26 Days69 Days+162.9%

Summary: Homes in Millsmont had an average of 69 days on market in Sep 2024, up by 162.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Millsmont has remained consistent over time.

Summary: During September 2024, 2 homes were sold in Millsmont; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

Newest Listings in Millsmont, CA

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