$4,774 Closing Credit*
$402,000
2,371 SqFt
3 Beds
•3 Full Baths, 1 Partial
Christina Lennick, Listing Office: EXP Realty, LLC
Is Millsboro, 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, Millsboro has remained a Seller's Market.
Key Takeaway
Millsboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millsboro, DE
How much do homes in Millsboro, DE cost?
Median Sold Price
$430,649
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,317(+5.2%)
Key Takeaway
Homes in Millsboro have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Millsboro was $430,649 in November 2024, up 5.2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342.5K | $135K | -60.6% |
| 2 Bedrooms | $256.9K | $290K | +12.8% |
| 3 Bedrooms | $379.4K | $394.9K | +4.1% |
| 4 Bedrooms | $549.9K | $524.9K | -4.6% |
| 5+ Bedrooms | $780K | $719K | -7.8% |
Summary: Millsboro housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.6%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 7.8%.
Housing Supply in Millsboro, DE
How many homes are available in Millsboro, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 296 | 326 | +10.1% |
Summary: The Millsboro real estate market had 326 homes for sale in November 2024, a 10.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 29 | 28 | -3.4% |
| 3 Bedrooms | 167 | 199 | +19.2% |
| 4 Bedrooms | 75 | 77 | +2.7% |
| 5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Millsboro housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 59 | +34.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millsboro, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in Millsboro in November 2024, up by 34.1% month-over-month. Of the 59 sold homes, 44% were sold under asking, 44% were sold at asking, and 12% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 32 Days | -45.0% |
Summary: Homes in Millsboro had an average of 32 days on market in Nov 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 59 homes were sold in Millsboro; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
