Is Lake Milton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lake Milton was a Seller's Market.
Key Takeaway
Lake Milton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Milton, OH
How much do homes in Lake Milton, OH cost?
Median Sold Price
$211,250
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lake Milton have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Lake Milton was $211,250 in May 2024, up 11.5% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | $197.5K | -30.0% |
| 2 Bedrooms | $165K | $189.7K | +15.0% |
| 3 Bedrooms | $170.4K | $216K | +26.7% |
| 4 Bedrooms | $381K | $210K | -44.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lake Milton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 44.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Craig Beach | $157.5K | $199.9K | +26.9% |
| Palmyra Township | $244.9K | $300.5K | +22.7% |
| Diamond | $247.4K | $300K | +21.2% |
| Lake Milton | $189.5K | $211.2K | +11.5% |
| Milton Township | $214K | $224K | +4.7% |
Housing Supply in Lake Milton, OH
How many homes are available in Lake Milton, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Summary: The Lake Milton real estate market had 26 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lake Milton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Milton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lake Milton in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Milton, OH
How long does it take to sell a home in Lake Milton, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 247 Days | 88 Days | -64.2% |
Summary: Homes in Lake Milton had an average of 88 days on market in May 2024, down by 64.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lake Milton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Lake Milton; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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