Is Milton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Milton Township has remained a Seller's Market.
Key Takeaway
Milton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milton Township, MI
How much do homes in Milton Township, MI cost?
Median Sold Price
$390,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Milton Township have sold for 15.2% less than they did a year ago.
Summary: The median home sold price in Milton Township was $390,000 in May 2024, down 15.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | - | N/A |
| 2 Bedrooms | $229K | $265K | +15.7% |
| 3 Bedrooms | $300K | $249.5K | -16.8% |
| 4 Bedrooms | $650K | $525K | -19.2% |
| 5+ Bedrooms | $720K | $699K | -2.9% |
Summary: Milton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.7%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Howard Township | $212.7K | $215K | +1.1% |
| Ontwa Township | $255K | $257.5K | +1.0% |
| Jefferson Township | $286K | $270.7K | -5.3% |
| Milton Township | $460K | $390K | -15.2% |
Housing Supply in Milton Township, MI
How many homes are available in Milton Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 17 | +88.9% |
Summary: The Milton Township real estate market had 17 homes for sale in May 2024, a 88.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Milton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milton Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Milton Township in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Milton Township, MI
How long does it take to sell a home in Milton Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 114 Days | 22 Days | -80.1% |
Summary: Homes in Milton Township had an average of 22 days on market in May 2024, down by 80.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Milton Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
