$120,000
10.22 Acres
Land
Stacey Leslie, Tiffani Stevens, Listing Office: EXP REALTY
Is Milam County, TX 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, Milam County has remained a Buyer's Market.
Key Takeaway
Milam County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Milam County, TX
How much do homes in Milam County, TX cost?
Median Sold Price
$207,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$27,500(-11.7%)
Key Takeaway
Homes in Milam County have sold for 11.7% less than they did a year ago.
Summary: The median home sold price in Milam County was $207,500 in October 2024, down 11.7% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | $139K | +0.7% |
| 2 Bedrooms | $148K | $170K | +14.9% |
| 3 Bedrooms | $229.7K | $220K | -4.2% |
| 4 Bedrooms | $349K | $297.5K | -14.8% |
| 5+ Bedrooms | $622.5K | $425K | -31.7% |
Summary: Milam County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 14.9%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes decreased by 31.7%.
Median Sold Price Compared To Nearby Counties
| Lee County | $281.5K | $315K | +11.9% |
| Milam County | $235K | $207.5K | -11.7% |
| Burleson County | $289.9K | $250.6K | -13.5% |
Housing Supply in Milam County, TX
How many homes are available in Milam County, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 110 | +7.8% |
Summary: The Milam County real estate market had 110 homes for sale in October 2024, a 7.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 63 | 68 | +7.9% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Milam County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
7 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 Milam County, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Milam County in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Milam County, TX
How long does it take to sell a home in Milam County, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 122 Days | +75.5% |
Summary: Homes in Milam County had an average of 122 days on market in Oct 2024, up by 75.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Milam County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Milam County; 13% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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