$5,343 Closing Credit*
$449,900
1,400 SqFt
4 Beds
•2 Full Baths
Chelsea Rose Bristow, Listing Office: Jack Lingo - Lewes
Is Milton, 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, 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
$485,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,750(+2.7%)
Key Takeaway
Homes in Milton have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Milton was $485,000 in October 2024, up 2.7% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $287.5K | $350K | +21.7% |
| 3 Bedrooms | $451.5K | $461K | +2.1% |
| 4 Bedrooms | $599.9K | $574.5K | -4.2% |
| 5+ Bedrooms | $530K | $735K | +38.7% |
Summary: Milton 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 21.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 38.7%.
Housing Supply in Milton, DE
How many homes are available in Milton, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 159 | 176 | +10.7% |
Summary: The Milton real estate market had 176 homes for sale in October 2024, a 10.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 95 | 103 | +8.4% |
| 4 Bedrooms | 50 | 51 | +2.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Milton 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 62.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 19 | -38.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milton, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Milton in October 2024, down by 38.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 32% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 61 Days | -17.1% |
Summary: Homes in Milton had an average of 61 days on market in Oct 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milton has remained consistent over time.
Summary: During October 2024, 19 homes were sold in Milton; 26% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
