Milton Real Estate Statistics

Milton Real Estate Price Trend
Milton real estate average sold price in the last 30 days (August 23 - September 21) was $1,124,337, which is $74,165 (6.6 %) higher than the average price of $1,050,172 in the previous 30 day period (July 24 - August 22), and $254,983 (22.7 %) up from the same period 1 year ago ($869,354). Milton real estate prices over the last 30 days are also $120,845 (10.7 %) higher than the average selling price of $1,003,492 over the past year.
Milton average sold price for homes was $1,407,812 in the last 30 days (August 23 - September 21), which is $169,425 (12.0 %) up from the average home price of $1,238,387 in the previous 30 day period (July 24 - August 22), and $404,029 (28.7 %) higher than the same period 1 year ago ($1,003,783). In the last 30 days Milton the average home price was $211,041 (15.0 %) higher than the average selling price of $1,196,771 over the last 12 months.
Average Milton condo sold price over the last 30 days (August 23 - September 21) was $613,795. During this period it was $11,513 (1.9 %) up from the average price of condo of $602,282 during the previous 30 days (July 24 - August 22), and $87,443 (14.2 %) higher compared to the same period 1 year ago ($526,352). In the last 30 days Milton the average condo price was $46,735 (7.6 %) higher than the average selling price of $567,060 over the last year.
Average sold price of Milton townhouse was $882,566 in the last 30 days (August 23 - September 21), up $31,180 (3.5 %) from the average townhome price of $851,386 over the previous 30 days (July 24 - August 22), and $156,443 (17.7 %) higher than during to the same period 1 year ago ($726,123). Over the last 30 days the average townhouse price in Milton was $79,596 (9.0 %) higher compared to the average selling price of $802,970 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Milton real estate was $1,124,337 in the last 30 days (August 23 - September 21), which is collectively $56,342 (5.3 %) higher than the average asking price of $1,066,872. This represents an increase of $26,868 (91.2 %) compared to $29,474 (2.8 %) Sold-Over-Asking price from the previous 30 day period (July 24 - August 22).
The maximum Sold Over/Under Asking ratio in Milton during the last 12 months was recorded in February, 2021 with an average of $80,203 over the asking price, while the minimum occurring in October, 2020 with $5,349 above the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Milton was 102.5 % with 208 properties sold and 176 new properties listed in the past 30 days (August 23 - September 21). This represents a decrease from 133.0 % recorded during the previous 30 day period (July 24 - August 22), and an increase from 91.7 % compared to the same period one year ago.
Over the the last year the highest SNLR in Milton was 161.7 % recorded in December and the lowest was in April at 74.7 %. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 208 properties that were successfully sold in Milton in the last 30 days (August 23 - September 21) was 11 days, which is 0 days more than 11 days average in the previous 30 day period (July 24 - August 22) and 0 days longer than during the same period a year ago (11 days).
There were 33 delisted properties in Milton, those that got either Expired, Suspended or Terminated over the last 30 days (August 23 - September 21) with an average of 42 days on the market. This is 8 days longer than the average of 34 days during the previous 30 day period (July 24 - August 22) and 11 days more compared to the same period last year average of 31 days on the market.
33 Milton properties that didn't sell stayed on the market 281.8 % longer than 208 that sucessfully sold over the last 30 days - 11 days when sold vs 42 days when delisted respectively.
Average Days on the Market in Milton over the past 12 months for properties that have sold was 12.9 days, with 32.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
203 new properties were listed on the market in Milton in the last 30 days (August 23 - September 21). During the same time 208 properties were sold and 33 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 38 properties (or 18.7 %).
During the previous 30 day period (July 24 - August 22) there were 176 new properties listed, 234 sold and 46 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 518 new properties listed, the slowest - December with 94 new listings and a yearly average of 300 new listings per month.
New Real Estate Listings by Property Type
There were a total of 116 homes listed during the last 30 days (August 23 - September 21), which is 57.1 % of all properties listed in Milton. This is a 7.4 % increase compared with a previous 30 day period (July 24 - August 22) and 38.6 % down from the same period a year ago. Over the past year an average of 172 homes are were listed per month.
28 condo units were listed in the last 30 days (August 23 - September 21) in Milton, which represents 13.8 % of all new listings. This is up 133.3 % from the prior 30 day period (July 24 - August 22) and 40.0 % more compared to the same period last year. There were 26 condos listed per month on average during the last 12 months.
59 townhomes were listed over the last 30 days (August 23 - September 21) in Milton, which is 29.1 % of all new real estate inventory. This is a 5.4 % more than during the previous 30 day period (July 24 - August 22) and 36.6 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 101 a month.
Real Estate Sales by Property Type
There were a total of 107 homes sold during the last 30 days (August 23 - September 21), which is 51.4 % of all properties sold in Milton. This is a 20.7 % decline compared with a previous 30 day period (July 24 - August 22) and 32.3 % down from the same period a year ago. Over the past year an average of 163 homes are were sold per month.
22 condo units were sold in the last 30 days (August 23 - September 21) in Milton, which represents 10.6 % of all sold properties. This is down 4.3 % from the prior 30 day period (July 24 - August 22) and 4.8 % more compared to the same period last year. There were 26 condos sold per month on average during the last 12 months.
79 townhomes were sold over the last 30 days (August 23 - September 21) in Milton, which is 38.0 % of all sold real estate. This is a 3.9 % more than during the previous 30 day period (July 24 - August 22) and 19.4 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 100 a month.
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