Is Millsboro, 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, Millsboro was a Neutral Market.
Key Takeaway
Millsboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Millsboro, DE
How much do homes in Millsboro, DE cost?
Median Sold Price
$439,422
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Millsboro have sold for 28.9% more than they did a year ago.
Summary: The median home sold price in Millsboro was $439,422 in April 2024, up 28.9% 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 | $161.5K | $342.5K | +112.1% |
| 2 Bedrooms | $256.9K | $274.9K | +7.0% |
| 3 Bedrooms | $338.6K | $404.8K | +19.5% |
| 4 Bedrooms | $529.9K | $545K | +2.8% |
| 5+ Bedrooms | $863.7K | $577.9K | -33.1% |
Summary: Millsboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 112.1%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 33.1%.
Housing Supply in Millsboro, DE
How many homes are available in Millsboro, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 263 | 290 | +10.3% |
Summary: The Millsboro real estate market had 290 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 33 | 30 | -9.1% |
| 3 Bedrooms | 136 | 154 | +13.2% |
| 4 Bedrooms | 65 | 73 | +12.3% |
| 5+ Bedrooms | 26 | 31 | +19.2% |
Summary: The Millsboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 19.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 35 | -44.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millsboro, you may be able to get a good deal. 62.9% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Millsboro in April 2024, down by 44.4% month-over-month. Of the 35 sold homes, 63% were sold under asking, 11% were sold at asking, and 26% were sold over asking.
Days on Market for Millsboro, DE
How long does it take to sell a home in Millsboro, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 45 Days | -6.7% |
Summary: Homes in Millsboro had an average of 45 days on market in Apr 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millsboro are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 35 homes were sold in Millsboro; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
