Milton real estate market offers various options for home buyers and investors, with stable property values and a competitive selling-to-listing price ratio. While there have been minor fluctuations in listing prices, the overall market remains resilient and attractive to a range of potential buyers.
1. Listings on the Market:
Milton, a city in the Halton Region of Ontario, is experiencing its unique real estate trends. Here’s a summary of the current real estate landscape in Milton, covering homes, townhomes, and condos:
Milton currently has 309 homes listed on the market, providing a range of housing options for residents and prospective buyers.
There are 89 townhome listings, catering to those seeking a more compact and convenient living style.
Milton features 102 condo listings, offering a maintenance-free living arrangement for those looking for a simpler lifestyle.
2. Average Listing Price in the Last Month:
The average listing price for homes in the last month was $1,138,991, making Milton an attractive destination for potential homeowners.
The average listing price for townhomes in the last month was $914,198, presenting an affordable housing option within the city.
The average listing price for condos in the last month was $679,174, making it an appealing choice for those looking for a compact living space.
3. Change in Average Listing Price:
There has been a slight decrease of 0.93% in the average listing price for homes, potentially offering opportunities for buyers in the market.
Townhomes have experienced a decrease of 3.2% in the average listing price over the last month, which may be advantageous for budget-conscious buyers.
Condo prices have seen a marginal decrease of 0.1% in the average listing price in the same period.
4. Average SOLD Price in the Last Month:
Homes in Milton have sold at an average price of $1,149,632 in the last month, showcasing a healthy demand and stable property values.
Townhomes in Milton have sold at an average price of $944,403 in the last month, indicating continued interest in this housing category.
Condos in Milton have sold at an average price of $679,856 in the last month, reflecting stability and reliability in the condo market.
5. Change in Average SOLD Price:
The average sold price has increased by 1.02% over the last month, highlighting the steady appreciation of real estate in Milton.
The average sold price for townhomes has increased by 1.5%, showing the appeal of this housing segment to buyers and potential investors.
The average sold price for condos has seen a minimal increase of 0.1%, indicating a stable and consistent market within the city.
Inventory & SOLD Statistics:
In the last 30 days, Milton has seen 472 new home listings and 182 homes sold. The average days on the market for homes stood at 21 days, with a selling-to-listing price ratio of 98%.
The townhome market recorded 89 new listings and 40 townhomes sold in the last 30 days. Townhomes had an average of 22 days on the market, with a selling-to-listing price ratio of 99%.
There were 102 new condo listings and 43 condos sold in the last 30 days. Condos had an average of 23 days on the market, with a selling-to-listing price ratio of 100%
