Is Milford South, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Milford South was a Seller's Market.
Housing Prices in Milford South, DE
How much do homes in Milford South, DE cost?
Median Sold Price
$354,799
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Milford South was $354,799 in May 2024, up 12.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $305K | N/A |
2 Bedrooms | $220K | $249.5K | +13.4% |
3 Bedrooms | $315K | $350K | +11.1% |
4 Bedrooms | $369.4K | $417.4K | +13.0% |
5+ Bedrooms | $625K | $409.9K | -34.4% |
Summary: Milford South 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 13.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 34.4%.
Housing Supply in Milford South, DE
How many homes are available in Milford South, DE?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
133 | 149 | +12.0% |
Summary: The Milford South real estate market had 149 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 76 | 86 | +13.2% |
4 Bedrooms | 28 | 33 | +17.9% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Milford South housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Milford South in May 2024, down by 25.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 72 Days | +142.2% |
Summary: Homes in Milford South had an average of 72 days on market in May 2024, up by 142.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Milford South; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.