$3,562 Closing Credit*
$299,999
1,792 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jamie Lee Perez, Listing Office: The Parker Group
Is Milford North, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Milford North was a Seller's Market.
Key Takeaway
Milford North is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Milford North, DE
How much do homes in Milford North, DE cost?
Median Sold Price
$365,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$27,500(+8.1%)
Key Takeaway
Homes in Milford North have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Milford North was $365,000 in September 2024, up 8.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $194.9K | $238.3K | +22.2% |
| 3 Bedrooms | $320K | $335K | +4.7% |
| 4 Bedrooms | $405K | $420.9K | +3.9% |
| 5+ Bedrooms | $466.7K | $389.9K | -16.5% |
Summary: Milford North housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in Milford North, DE
How many homes are available in Milford North, DE?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 59 | 69 | +16.9% |
Summary: The Milford North real estate market had 69 homes for sale in September 2024, a 16.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 29 | 32 | +10.3% |
| 4 Bedrooms | 23 | 28 | +21.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Milford North 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 20%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Milford North, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Milford North in September 2024, down by 42.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 32 Days | 42 Days | +31.4% |
Summary: Homes in Milford North had an average of 42 days on market in Sep 2024, up by 31.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milford North has remained consistent over time.
Summary: During September 2024, 8 homes were sold in Milford North; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
