Is Milford North, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Milford North was a Seller's Market.
Key Takeaway
Milford North is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Milford North, DE
How much do homes in Milford North, DE cost?
Median Sold Price
$341,798
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milford North have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Milford North was $341,798 in April 2024, down 2.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202K | $190K | -5.9% |
| 3 Bedrooms | $302.4K | $331.1K | +9.5% |
| 4 Bedrooms | $407K | $416K | +2.2% |
| 5+ Bedrooms | $502.3K | $466.7K | -7.1% |
Summary: Milford North housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in Milford North, DE
How many homes are available in Milford North, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 61 | -3.2% |
Summary: The Milford North real estate market had 61 homes for sale in April 2024, a 3.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 35 | 29 | -17.1% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Milford North housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 8 | -55.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford North, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Milford North in April 2024, down by 55.6% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Milford North, DE
How long does it take to sell a home in Milford North, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 26 Days | -38.0% |
Summary: Homes in Milford North had an average of 26 days on market in Apr 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milford North are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Milford North; 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.
