$4,986 Closing Credit*
$419,900
1,045 SqFt
2 Beds
•2 Full Baths
Mark Moon, Listing Office: Howard Hanna Lake Group Hammondsport
Is Milo, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Milo was a Buyer's Market.
Key Takeaway
Milo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milo, NY
How much do homes in Milo, NY cost?
Median Sold Price
$232,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,500(+9.7%)
Key Takeaway
Homes in Milo have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Milo was $232,500 in October 2024, up 9.7% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $349.5K | -4.2% |
| 2 Bedrooms | $160K | $166K | +3.8% |
| 3 Bedrooms | $212K | $236.2K | +11.4% |
| 4 Bedrooms | $225K | $257.5K | +14.4% |
| 5+ Bedrooms | $900K | $296.7K | -67.0% |
Summary: Milo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 67%.
Median Sold Price Compared To Nearby Cities
| Torrey | $253.9K | $407.5K | +60.5% |
| Benton | $169.9K | $230K | +35.4% |
| Penn Yan | $225K | $282K | +25.3% |
| Milo | $212K | $232.5K | +9.7% |
Housing Supply in Milo, NY
How many homes are available in Milo, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Summary: The Milo real estate market had 27 homes for sale in October 2024, a 18.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Milo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milo, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Milo in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Milo, NY
How long does it take to sell a home in Milo, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 28 Days | +460.0% |
Summary: Homes in Milo had an average of 28 days on market in Oct 2024, up by 460% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milo has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Milo; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.