The Long & Foster Market Minute

FOCUS ON: MILTON HOUSING MARKET APRIL 2025

Zip Code(s): 19968
Units Sold
28
Active Inventory
149
Median Sale Price
$464,950
Days On Market
46
Up 12%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -33%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 28 sold this month in Milton Real Estate versus 27 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 12% versus April 2024.

Active Inventory
Versus last year, the total number of homes available this month is higher by 14 units or 10%. The total number of active inventory this April was 149 compared to 135 in April 2024. This month's total of 149 is lower than the previous month's total supply of available inventory of 154, a decrease of 3%.

Median Sale Price
Last April, the median sale price for Milton Homes was $485,000. This April, the median sale price was $464,950, a decrease of 4% or $20,050 compared to last year. The current median sold price is 4% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
48
Current Contracts
35
Sold Vs. List Price
105.0%
Months of Supply
5.3
Up 4%
Vs. Year Ago
Up 40%
Vs. Year Ago
Up
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In April, there was 5.3 months of supply available in Milton. The amount of supply is similar compared to 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.

New Listings & Current Contracts
This month there were 48 homes newly listed for sale in Milton compared to 46 in April 2024, an increase of 4%. There were 35 current contracts pending sale this April compared to 25 a year ago. The number of current contracts is 40% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Milton was 105.0% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 46, lower than the average last year, which was 69, a decrease of 33%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.