$8,074 Closing Credit*
$679,900
1,239 SqFt
2 Beds
•1 Full Bath
#73314165, Richard Donovan, Listing Office: Century 21 Professionals
Is Milton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Milton has remained a Seller's Market.
Key Takeaway
Milton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milton, MA
How much do homes in Milton, MA cost?
Median Sold Price
$950,000
$504/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,000(+7.3%)
Key Takeaway
Homes in Milton have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Milton was $950,000 in October 2024, up 7.3% from last year, and the median price per square foot was $504.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $541K | $655K | +21.1% |
| 2 Bedrooms | $727K | $739K | +1.7% |
| 3 Bedrooms | $820K | $890K | +8.5% |
| 4 Bedrooms | $958K | $1.1M | +15.3% |
| 5+ Bedrooms | $1.1M | $1.4M | +34.5% |
Summary: Milton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 34.5%.
Median Sold Price Compared To Nearby Cities
| Randolph | $500K | $547.9K | +9.6% |
| Quincy | $617.8K | $664.1K | +7.5% |
| Milton | $885K | $950K | +7.3% |
| Boston | $788.9K | $815.9K | +3.4% |
| Dorchester Center | $696.3K | $681.5K | -2.1% |
Housing Supply in Milton, MA
How many homes are available in Milton, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 85 | -6.6% |
Summary: The Milton real estate market had 85 homes for sale in October 2024, a 6.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 33 | 29 | -12.1% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Milton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milton, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Milton in October 2024, up by 52.9% month-over-month. Of the 26 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Milton, MA
How long does it take to sell a home in Milton, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 38 Days | +138.5% |
Summary: Homes in Milton had an average of 38 days on market in Oct 2024, up by 138.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 26 homes were sold in Milton; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
