Is Milan, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Milan was a Seller's Market.
Housing Prices in Milan, NY
How much do homes in Milan, NY cost?
Median Sold Price
$585,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Milan was $585,000 in April 2024, up 2.6% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $565K | - | N/A |
2 Bedrooms | $528.9K | $265.5K | -49.8% |
3 Bedrooms | $506.7K | $605K | +19.4% |
4 Bedrooms | $570K | $1.0M | +82.8% |
5+ Bedrooms | $1.7M | $650K | -62.9% |
Summary: Milan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 49.8%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 82.8%, and 5+ bedroom homes decreased by 62.9%.
Median Sold Price Compared To Nearby Cities
Stanfordville | $395.5K | $450K | +13.8% |
Milan | $570K | $585K | +2.6% |
Housing Supply in Milan, NY
How many homes are available in Milan, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Summary: The Milan real estate market had 19 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Milan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Milan in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Milan, NY
How long does it take to sell a home in Milan, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
167 Days | 19 Days | -88.7% |
Summary: Homes in Milan had an average of 19 days on market in Apr 2024, down by 88.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Milan; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.