$901 Closing Credit*
$75,900
1,458 SqFt
3 Beds
•2 Full Baths
Lynn M Borcherding, Listing Office: Area Wide Real Estate
Is Millington, MI 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $219.9K | +131.5% |
| 2 Bedrooms | $156.2K | $155K | -0.8% |
| 3 Bedrooms | $184.9K | $178K | -3.8% |
| 4 Bedrooms | $250K | $233K | -6.8% |
| 5+ Bedrooms | $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 | $185K | $190K | +2.7% |
| Millington Township | $185K | $190K | +2.7% |
Housing Supply in Millington, MI
How many homes are available in Millington, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 1 | 1 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 27 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
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.
