$4,038 Closing Credit*
$340,000
1,700 SqFt
2 Beds
•2 Full Baths, 1 Partial
JoAnn C. O'Hara, Listing Office: Keller Williams Gateway LLC
Is Millsboro, 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, Millsboro was a Seller's Market.
Key Takeaway
Millsboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Millsboro, DE
How much do homes in Millsboro, DE cost?
Median Sold Price
$424,050
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,663(+4.1%)
Key Takeaway
Homes in Millsboro have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Millsboro was $424,050 in October 2024, up 4.1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342.5K | $103.5K | -69.8% |
| 2 Bedrooms | $255K | $290K | +13.7% |
| 3 Bedrooms | $376.7K | $389.1K | +3.3% |
| 4 Bedrooms | $547.9K | $524.9K | -4.2% |
| 5+ Bedrooms | $805.2K | $620K | -23.0% |
Summary: Millsboro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.8%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 23%.
Housing Supply in Millsboro, DE
How many homes are available in Millsboro, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 329 | 313 | -4.9% |
Summary: The Millsboro real estate market had 313 homes for sale in October 2024, a 4.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 23 | 29 | +26.1% |
| 3 Bedrooms | 184 | 181 | -1.6% |
| 4 Bedrooms | 91 | 77 | -15.4% |
| 5+ Bedrooms | 29 | 24 | -17.2% |
Summary: The Millsboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 17.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 42 | -30.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millsboro, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Millsboro in October 2024, down by 30.0% month-over-month. Of the 42 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Millsboro, DE
How long does it take to sell a home in Millsboro, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 46 Days | -25.0% |
Summary: Homes in Millsboro had an average of 46 days on market in Oct 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millsboro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 42 homes were sold in Millsboro; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
