Is Lake Milton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lake Milton was a Seller's Market.
Housing Prices in Lake Milton, OH
How much do homes in Lake Milton, OH cost?
Median Sold Price
$211,250
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Milton was $211,250 in May 2024, up 11.5% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282K | $197.5K | -30.0% |
2 Bedrooms | $165K | $189.7K | +15.0% |
3 Bedrooms | $170.4K | $216K | +26.7% |
4 Bedrooms | $381K | $210K | -44.9% |
5+ Bedrooms | - | - | N/A |
Summary: Lake Milton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 44.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Craig Beach | $157.5K | $199.9K | +26.9% |
Palmyra Township | $244.9K | $300.5K | +22.7% |
Diamond | $247.4K | $300K | +21.2% |
Lake Milton | $189.5K | $211.2K | +11.5% |
Milton Township | $214K | $224K | +4.7% |
Housing Supply in Lake Milton, OH
How many homes are available in Lake Milton, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
Summary: The Lake Milton real estate market had 26 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lake Milton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lake Milton in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Milton, OH
How long does it take to sell a home in Lake Milton, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
247 Days | 88 Days | -64.2% |
Summary: Homes in Lake Milton had an average of 88 days on market in May 2024, down by 64.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Lake Milton; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.