$3,076 Closing Credit*
$259,000
1,792 SqFt
3 Beds
•2 Full Baths
S Walton Simpson, Listing Office: Walt Simpson Realty
Is Milford North, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Milford North has remained a Seller's Market.
Key Takeaway
Milford North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milford North, DE
How much do homes in Milford North, DE cost?
Median Sold Price
$368,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+6.7%)
Key Takeaway
Homes in Milford North have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Milford North was $368,000 in November 2024, up 6.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $289K | N/A |
| 2 Bedrooms | $194.9K | $240.1K | +23.2% |
| 3 Bedrooms | $327.5K | $333.5K | +1.8% |
| 4 Bedrooms | $403.5K | $425K | +5.3% |
| 5+ Bedrooms | $466.7K | $380K | -18.6% |
Summary: Milford North housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 18.6%.
Housing Supply in Milford North, DE
How many homes are available in Milford North, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 71 | -4.1% |
Summary: The Milford North real estate market had 71 homes for sale in November 2024, a 4.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 37 | 33 | -10.8% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Milford North housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford North, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Milford North in November 2024, up by 14.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 39 Days | -19.7% |
Summary: Homes in Milford North had an average of 39 days on market in Nov 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milford North are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Milford North; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
