Is Milo, 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, Milo was a Buyer's Market.
Key Takeaway
Milo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milo, NY
How much do homes in Milo, NY cost?
Median Sold Price
$202,950
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milo have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Milo was $202,950 in April 2024, up 12.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $232K | N/A |
| 2 Bedrooms | $160K | $164.5K | +2.8% |
| 3 Bedrooms | $175K | $227K | +29.7% |
| 4 Bedrooms | $196.6K | $245.5K | +24.8% |
| 5+ Bedrooms | $1.1M | $365K | -69.5% |
Summary: Milo 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 increased by 2.8%, 3 bedroom homes increased by 29.7%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 69.5%.
Median Sold Price Compared To Nearby Cities
| Milo | $180K | $202.9K | +12.8% |
| Penn Yan | $215K | $227K | +5.6% |
Housing Supply in Milo, NY
How many homes are available in Milo, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Summary: The Milo real estate market had 11 homes for sale in April 2024, a 31.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Milo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milo, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Milo in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Milo, NY
How long does it take to sell a home in Milo, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 8 Days | +60.0% |
Summary: Homes in Milo had an average of 8 days on market in Apr 2024, up by 60% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milo are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Milo; 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.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.