Milton Real Estate Statistics

Milton real estate average sold price in the last 30 days (March 25 - April 23) was $1,114,890, which is $27,887 (2.5%) higher than the average price of $1,087,003 in the previous 30 day period (February 24 - March 24), and $6,439 (0.6%) down from the same period 1 year ago ($1,121,329). Milton real estate prices over the last 30 days are also $52,017 (4.7%) higher than the average selling price of $1,062,873 over the past year.

Milton average sold price for homes was $1,338,975 in the last 30 days (March 25 - April 23), which is $38,407 (2.9%) up from the average home price of $1,300,568 in the previous 30 day period (February 24 - March 24), and $13,918 (1.0%) lower than the same period 1 year ago ($1,352,893). In the last 30 days Milton the average home price was $77,435 (5.8%) higher than the average selling price of $1,261,540 over the last 12 months.

Average Milton condo sold price over the last 30 days (March 25 - April 23) was $577,840. During this period it was $78,271 (13.5%) down from the average price of condo of $656,111 during the previous 30 days (February 24 - March 24), and $113,375 (19.6%) lower compared to the same period 1 year ago ($691,215). In the last 30 days Milton the average condo price was $61,823 (10.7%) lower than the average selling price of $639,663 over the last year.

Average sold price of Milton townhouse was $913,276 in the last 30 days (March 25 - April 23), up $7,744 (0.8%) from the average townhome price of $905,532 over the previous 30 days (February 24 - March 24), and $18,299 (2.0%) lower than during to the same period 1 year ago ($931,575). Over the last 30 days the average townhouse price in Milton was $22,142 (2.4%) higher compared to the average selling price of $891,134 over the last 12 months.

Average selling price for Milton real estate was $1,114,890 in the last 30 days (March 25 - April 23), which is collectively $7,007 (0.6%) higher than the average asking price of $1,140,049. This represents a decline of $14,186 (66.9%) compared to $21,193 (1.7%) Sold-Over-Asking price from the previous 30 day period (February 24 - March 24).

The maximum Sold Over/Under Asking ratio in Milton during the last 12 months was recorded in May, 2023 with an average of $53,244 over the asking price, while the minimum occurring in November, 2023 with $32,733 below the asking price.

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 76.4% with 197 properties sold and 277 new properties listed in the past 30 days (March 25 - April 23). This represents an increase from 61.0% recorded during the previous 30 day period (February 24 - March 24), and an increase from 74.2% compared to the same period one year ago.

Over the the last year the highest SNLR in Milton was 117.9% recorded in December and the lowest was in September at 30.7%. 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.

The Average Days on the Market (DOM) for 197 properties that were successfully sold in Milton in the last 30 days (March 25 - April 23) was 16 days, which is 0 days more than 16 days average in the previous 30 day period (February 24 - March 24) and 3 days longer than during the same period a year ago (13 days).

There were 154 delisted properties in Milton, those that got either Expired, Suspended or Terminated over the last 30 days (March 25 - April 23) with an average of 42 days on the market. This is 6 days shorter than the average of 48 days during the previous 30 day period (February 24 - March 24) and 6 days more compared to the same period last year average of 36 days on the market.

154 Milton properties that didn't sell stayed on the market 162.5% longer than 197 that sucessfully sold over the last 30 days - 16 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 20.8 days, with 44.7 days for those properties that did not sell.

258 new properties were listed on the market in Milton in the last 30 days (March 25 - April 23). During the same time 197 properties were sold and 154 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 93 properties (or 36.0%).

During the previous 30 day period (February 24 - March 24) there were 277 new properties listed, 169 sold and 102 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 352 new properties listed, the slowest - December with 78 new listings and a yearly average of 256 new listings per month.

There were a total of 146 homes listed during the last 30 days (March 25 - April 23), which is 56.6% of all properties listed in Milton. This is a 3.3% decline compared with a previous 30 day period (February 24 - March 24) and 16.8% up from the same period a year ago. Over the past year an average of 143 homes are were listed per month.

44 condo units were listed in the last 30 days (March 25 - April 23) in Milton, which represents 17.1% of all new listings. This is down 10.2% from the prior 30 day period (February 24 - March 24) and 100.0% more compared to the same period last year. There were 36 condos listed per month on average during the last 12 months.

68 townhomes were listed over the last 30 days (March 25 - April 23) in Milton, which is 26.4% of all new real estate inventory. This is a 11.7% less than during the previous 30 day period (February 24 - March 24) and 3.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 77 a month.

There were a total of 113 homes sold during the last 30 days (March 25 - April 23), which is 57.4% of all properties sold in Milton. This is a 27.0% increase compared with a previous 30 day period (February 24 - March 24) and 37.8% up from the same period a year ago. Over the past year an average of 86 homes are were sold per month.

25 condo units were sold in the last 30 days (March 25 - April 23) in Milton, which represents 12.7% of all sold properties. This is up 38.9% from the prior 30 day period (February 24 - March 24) and 31.6% more compared to the same period last year. There were 18 condos sold per month on average during the last 12 months.

59 townhomes were sold over the last 30 days (March 25 - April 23) in Milton, which is 29.9% of all sold real estate. This is a 4.8% less than during the previous 30 day period (February 24 - March 24) and 3.5% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 52 a month.