Is Millwood, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millwood is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Millwood was a Neutral Market.

Key Takeaway

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

Housing Prices in Millwood, NY

How much do homes in Millwood, NY cost?

Median Sold Price

$705,000

$332/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$120,000(-14.5%)

Key Takeaway

Homes in Millwood have sold for 14.5% less than they did a year ago.

Summary: The median home sold price in Millwood was $705,000 in October 2024, down 14.5% from last year, and the median price per square foot was $332.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $480K$494.5K
+3.0%
2 $558.5K$615K
+10.1%
3 $665.2K$908K
+36.5%
4 $987.4K$1.7M
+78.2%
5+ $1.1M-
N/A

Summary: Millwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 36.5%, 4 bedroom homes increased by 78.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

New Castle
+16.1%
Chappaqua
+15.6%
Yorktown
+14.9%
Millwood
-14.5%

Housing Supply in Millwood, NY

How many homes are available in Millwood, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
45+25.0%

Summary: The Millwood real estate market had 5 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 00
0.0%
3 22
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Millwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Millwood in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Millwood, NY

How long does it take to sell a home in Millwood, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days31 Days+55.0%

Summary: Homes in Millwood had an average of 31 days on market in Oct 2024, up by 55% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Millwood has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Millwood; 0% of homes were sold within 30 days, 100% 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 22 Days Ago

Newest Listings in Millwood, NY

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