Is Millington, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millington is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Millington has remained a Seller's Market.

Key Takeaway

Millington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Millington, MI

How much do homes in Millington, MI cost?

Median Sold Price

$190,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+2.7%)

Key Takeaway

Homes in Millington have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Millington was $190,000 in October 2024, up 2.7% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $95K$219.9K
+131.5%
2 $156.2K$155K
-0.8%
3 $184.9K$178K
-3.8%
4 $250K$233K
-6.8%
5+ $247.2K$425K
+71.9%

Summary: Millington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 131.5%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 71.9%.

Median Sold Price Compared To Nearby Cities

Millington
+2.7%
Millington Township
+2.7%

Housing Supply in Millington, MI

How many homes are available in Millington, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2823-17.9%

Summary: The Millington real estate market had 23 homes for sale in October 2024, a 17.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1715
-11.8%
4 74
-42.9%
5+ 11
0.0%

Summary: The Millington 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 remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millington, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Millington in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.

Days on Market for Millington, MI

How long does it take to sell a home in Millington, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days27 Days+228.0%

Summary: Homes in Millington had an average of 27 days on market in Oct 2024, up by 228% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Millington are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Millington; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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