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FOCUS ON: MILTON HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 19968 |
Units Sold
20 |
Active Inventory
157 |
Median Sale Price
$519,950 |
Days On Market
37 |
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Up
Vs. Year Ago |
Down -3%
Vs. Year Ago |
No Change
Vs. Year Ago |
Down -46%
Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in July, with 20 sold this month in Milton Real Estate. This month's total units sold was higher than at this time last year, an increase from July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 5 units or 3%. The total number of active inventory this July was 157 compared to 162 in July 2024. This month's total of 157 is lower than the previous month's total supply of available inventory of 177, a decrease of 11%.
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Median Sale Price
Last July, the median sale price for Milton Homes was $517,500. This July, the median sale price was $519,950, which is similar compared to a year ago. The current median sold price is 15% higher than in June.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
41 |
Current Contracts
45 |
Sold Vs. List Price
100.0% |
Months of Supply
7.9 |
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Down -18%
Vs. Year Ago |
Up 25%
Vs. Year Ago |
Up 0.6%
Vs. Year Ago |
Down -13%
Vs. Year Ago |
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Months of Supply
In July, there was 7.9 months of supply available in Milton, compared to 9.0 in July 2024. That is a decrease of 13% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 41 homes newly listed for sale in Milton compared to 50 in July 2024, a decrease of 18%. There were 45 current contracts pending sale this July compared to 36 a year ago. The number of current contracts is 25% higher than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Milton was 100.0% of the average list price, which is 0.6% higher than at this time last year.
Days on Market
This month, the average number of days on market was 37, lower than the average last year, which was 69, a decrease of 46%.
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Milton is defined as properties listed in zip code/s 19968. |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |