$5,937 Closing Credit*
$499,990
1,895 SqFt
3 Beds
•2 Full Baths
Jaime Hurlock, Listing Office: Long & Foster Real Estate, Inc.
Is Milton, 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, Milton was a Seller's Market.
Key Takeaway
Milton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Milton, DE
How much do homes in Milton, DE cost?
Median Sold Price
$495,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+4.2%)
Key Takeaway
Homes in Milton have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Milton was $495,000 in November 2024, up 4.2% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $345K | +6.2% |
| 3 Bedrooms | $457.5K | $464.9K | +1.6% |
| 4 Bedrooms | $602.4K | $575K | -4.6% |
| 5+ Bedrooms | $640K | $749K | +17.0% |
Summary: Milton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 17%.
Housing Supply in Milton, DE
How many homes are available in Milton, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 164 | 163 | -0.6% |
Summary: The Milton real estate market had 163 homes for sale in November 2024, a 0.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 96 | 92 | -4.2% |
| 4 Bedrooms | 48 | 47 | -2.1% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Milton 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 increased by 9.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milton, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Milton in November 2024, down by 10.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Milton, DE
How long does it take to sell a home in Milton, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 106 Days | +134.4% |
Summary: Homes in Milton had an average of 106 days on market in Nov 2024, up by 134.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Milton; 39% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
