$5,047 Closing Credit*
$424,990
1,895 SqFt
3 Beds
•2 Full Baths
Jaime Hurlock, Listing Office: Long & Foster Real Estate, Inc.
Is Milford South, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Milford South was a Seller's Market.
Key Takeaway
Milford South is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Milford South, DE
How much do homes in Milford South, DE cost?
Median Sold Price
$359,996
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,496(+8.3%)
Key Takeaway
Homes in Milford South have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Milford South was $359,996 in November 2024, up 8.3% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $167.5K | -56.5% |
| 2 Bedrooms | $232.5K | $274K | +17.8% |
| 3 Bedrooms | $335K | $350K | +4.5% |
| 4 Bedrooms | $387K | $410K | +5.9% |
| 5+ Bedrooms | $439K | $450K | +2.5% |
Summary: Milford South housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.5%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in Milford South, DE
How many homes are available in Milford South, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 141 | +2.9% |
Summary: The Milford South real estate market had 141 homes for sale in November 2024, a 2.9% increase 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 | 17 | 17 | 0.0% |
| 3 Bedrooms | 66 | 71 | +7.6% |
| 4 Bedrooms | 42 | 39 | -7.1% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Milford South 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 remained the same, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 19 | -29.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford South, expect to pay close to the asking price. 47.4% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Milford South in November 2024, down by 29.6% month-over-month. Of the 19 sold homes, 26% were sold under asking, 47% were sold at asking, and 26% were sold over asking.
Days on Market for Milford South, DE
How long does it take to sell a home in Milford South, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 64 Days | +52.2% |
Summary: Homes in Milford South had an average of 64 days on market in Nov 2024, up by 52.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milford South are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Milford South; 37% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
