$10,000 Closing Credit*
$1,695,000
2,497 SqFt
4 Beds
•2 Full Baths, 2 Partial
#73319639, Michael Peppino, Listing Office: Real Broker MA, LLC
Is Milton, MA 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, 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
$960,000
$505/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+6.7%)
Key Takeaway
Homes in Milton have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Milton was $960,000 in November 2024, up 6.7% from last year, and the median price per square foot was $505.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $655K | +39.4% |
| 2 Bedrooms | $715K | $739K | +3.4% |
| 3 Bedrooms | $830K | $900K | +8.4% |
| 4 Bedrooms | $1.0M | $1.1M | +10.9% |
| 5+ Bedrooms | $1.1M | $1.3M | +13.9% |
Summary: Milton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.4%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Randolph | $500K | $550K | +10.0% |
| Quincy | $620.2K | $670.2K | +8.1% |
| Milton | $900K | $960K | +6.7% |
| Boston | $789.7K | $819K | +3.7% |
| Dorchester Center | $697.6K | $686.5K | -1.6% |
Housing Supply in Milton, MA
How many homes are available in Milton, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 61 | -28.2% |
Summary: The Milton real estate market had 61 homes for sale in November 2024, a 28.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 31 | 21 | -32.3% |
| 4 Bedrooms | 32 | 19 | -40.6% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
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 remained the same, 3 bedroom homes decreased by 32.3%, 4 bedroom homes decreased by 40.6%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 17 | -39.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milton, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Milton in November 2024, down by 39.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 30 Days | -35.5% |
Summary: Homes in Milton had an average of 30 days on market in Nov 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 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, 17 homes were sold in Milton; 59% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
