$4,809 Closing Credit*
$405,000
928 SqFt
5 Beds
•3 Full Baths, 1 Partial
Sharon Y Daugherty, Listing Office: Keller Williams Select Realtors
Is Milford South, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Milford South was a Neutral Market.
Key Takeaway
Milford South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milford South, DE
How much do homes in Milford South, DE cost?
Median Sold Price
$355,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,000(+6.6%)
Key Takeaway
Homes in Milford South have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Milford South was $355,000 in October 2024, up 6.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $225K | -41.6% |
| 2 Bedrooms | $230K | $267.5K | +16.3% |
| 3 Bedrooms | $337K | $349K | +3.6% |
| 4 Bedrooms | $382.4K | $410K | +7.2% |
| 5+ Bedrooms | $471.4K | $439K | -6.9% |
Summary: Milford South housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.6%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 6.9%.
Housing Supply in Milford South, DE
How many homes are available in Milford South, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 135 | 139 | +3.0% |
Summary: The Milford South real estate market had 139 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 68 | 70 | +2.9% |
| 4 Bedrooms | 36 | 40 | +11.1% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Milford South housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford South, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Milford South in October 2024, up by 36.8% month-over-month. Of the 26 sold homes, 42% were sold under asking, 38% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 68 Days | +147.5% |
Summary: Homes in Milford South had an average of 68 days on market in Oct 2024, up by 147.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milford South has remained consistent over time.
Summary: During October 2024, 26 homes were sold in Milford South; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
