Is Milford South, 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 South was a Seller's Market.
Key Takeaway
Milford South is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Milford South, DE
How much do homes in Milford South, DE cost?
Median Sold Price
$350,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milford South have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Milford South was $350,000 in April 2024, up 14.8% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $305K | N/A |
| 2 Bedrooms | $220K | $249.5K | +13.4% |
| 3 Bedrooms | $305K | $348K | +14.1% |
| 4 Bedrooms | $374.9K | $390K | +4.0% |
| 5+ Bedrooms | $425K | $409.9K | -3.5% |
Summary: Milford South 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 increased by 13.4%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in Milford South, DE
How many homes are available in Milford South, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 117 | 130 | +11.1% |
Summary: The Milford South real estate market had 130 homes for sale in April 2024, a 11.1% increase 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 | 13 | 15 | +15.4% |
| 3 Bedrooms | 72 | 74 | +2.8% |
| 4 Bedrooms | 21 | 29 | +38.1% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Milford South 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 increased by 15.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Milford South, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Milford South in April 2024, up by 11.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 47% were sold at asking, and 5% were sold over asking.
Days on Market for Milford South, DE
How long does it take to sell a home in Milford South, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 31 Days | -52.5% |
Summary: Homes in Milford South had an average of 31 days on market in Apr 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Milford South are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Milford South; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
