$159,900
21.46 Acres
Land
Nathan Ptaszenski, Listing Office: Sunshine Real Estate Co
Is Millington, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Millington was a Seller's Market.
Key Takeaway
Millington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Millington, MI
How much do homes in Millington, MI cost?
Median Sold Price
$190,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,050(+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 November 2024, up 2.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.4K | $174K | +10.5% |
| 2 Bedrooms | $161.3K | $150K | -7.0% |
| 3 Bedrooms | $175K | $184.9K | +5.7% |
| 4 Bedrooms | $242.5K | $229K | -5.6% |
| 5+ Bedrooms | $247.2K | $425K | +71.9% |
Summary: Millington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 71.9%.
Median Sold Price Compared To Nearby Cities
| Millington | $184.9K | $190K | +2.7% |
| Millington Township | $184.9K | $190K | +2.7% |
Housing Supply in Millington, MI
How many homes are available in Millington, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Summary: The Millington real estate market had 20 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Millington 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 decreased by 50%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millington, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Millington in November 2024, down by 70.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 22 Days | -65.2% |
Summary: Homes in Millington had an average of 22 days on market in Nov 2024, down by 65.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 3 homes were sold in Millington; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
