Is Milton, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milton is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Milton has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Milton, WA

How much do homes in Milton, WA cost?

Median Sold Price

$597,000

$236/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$23,000(+4.0%)

Key Takeaway

Homes in Milton have sold for 4% more than they did a month ago.

Summary: The median home sold price in Milton was $597,000 in November 2024, up 4% from last month, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $230.4K$352.2K
+52.9%
3 $680K$610K
-10.3%
4 $975K$697.5K
-28.5%
5+ --
N/A

Summary: Milton housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.9%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 28.5%, and 5+ bedroom homes did not change.

Housing Supply in Milton, WA

How many homes are available in Milton, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3229-9.4%

Summary: The Milton real estate market had 29 homes for sale in November 2024, a 9.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 1412
-14.3%
4 87
-12.5%
5+ 01
+100.0%

Summary: The Milton 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 10%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milton, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Milton in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for Milton, WA

How long does it take to sell a home in Milton, WA?

Average Sale Time

Oct 2024Nov 2024CHANGE
47 Days37 Days-20.6%

Summary: Homes in Milton had an average of 37 days on market in Nov 2024, down by 20.6% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Milton are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Milton; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 21 Days Ago

Newest Listings in Milton, WA

Nearby Markets to Milton, WA

What housing markets are near Milton, WA?