$4,986 Closing Credit*
$419,900
1,410 SqFt
3 Beds
•2 Full Baths
Donna Frankowski, Listing Office: ERA Martin Associates, Shamrock Division
Is Millville, 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, Millville was a Seller's Market.
Key Takeaway
Millville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Millville, DE
How much do homes in Millville, DE cost?
Median Sold Price
$459,900
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,900(+4.5%)
Key Takeaway
Homes in Millville have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Millville was $459,900 in October 2024, up 4.5% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $338.9K | $450K | +32.8% |
| 3 Bedrooms | $410K | $403.9K | -1.5% |
| 4 Bedrooms | $547.4K | $552.4K | +0.9% |
| 5+ Bedrooms | $540K | $551.9K | +2.2% |
Summary: Millville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.8%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Ocean View | $512.3K | $540K | +5.4% |
| Millville | $440K | $459.9K | +4.5% |
| Selbyville-Frankford | $531.9K | $550.4K | +3.5% |
Housing Supply in Millville, DE
How many homes are available in Millville, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 59 | 0.0% |
Summary: The Millville real estate market had 59 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Millville 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 decreased by 100%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millville, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Millville in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Millville, DE
How long does it take to sell a home in Millville, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 81 Days | +120.6% |
Summary: Homes in Millville had an average of 81 days on market in Oct 2024, up by 120.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Millville; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
