New - 1 day on Rocket
$4,121 Closing Credit¹
Tineshia R. Johnson, Listing Office: NVR Services, Inc.
Milford South Housing Market Report December 2024•Sussex County, Delaware
Housing Prices in Milford South, DE
How much do homes in Milford South, DE cost?
Housing Market Conditions
Is Milford South, DE a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Milford South is a Seller's Market
Difference Since December 2023
Since last year, Milford South has remained a Seller's Market.
Insight
Milford South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$360,000$211/SqFt
+$18,000
+5.3%
Based on all homes sold in the last 12 months
Insight
Homes in Milford South have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Milford South was $360,000 in December 2024, up 5.3% from last year, and the median price per square foot was $211.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $305K | $110K | -63.9% |
| 22 Bedrooms | $235K | $279.9K | +19.1% |
| 33 Bedrooms | $344K | $350K | +1.7% |
| 44 Bedrooms | $395K | $407.5K | +3.2% |
| 55+ Bedrooms | $439K | $465K | +5.9% |
Summary: Milford South housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -63.9%. The home price for 2 bedroom homes increased by +19.1%. The home price for 3 bedroom homes increased by +1.7%. The home price for 4 bedroom homes increased by +3.2%. The home price for 5 bedroom homes increased by +5.9%.
Housing supply in Milford South, DE
How many homes are available in Milford South, DE?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 132Last MonthDec 2024 | ||
| 1332 months agoNov 2024 | -0.8 % Change MoMNov – Dec |
Summary: The Milford South real estate market had 132 homes for sale in Dec 2024, a 0.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 24Last MonthDec 2024 | ||
| 232 months agoNov 2024 | +4.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 0 | -100.0% |
| 22 Bedrooms | 19 | 18 | -5.3% |
| 33 Bedrooms | 64 | 65 | +1.6% |
| 44 Bedrooms | 37 | 37 | 0.0% |
| 55+ Bedrooms | 12 | 12 | 0.0% |
Summary: Milford South housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -5.3%. The inventory for 3 bedroom homes increased by +1.6%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Milford South, DE cost?
Over Asking Price2 Homes
At Asking Price8 Homes
Under Asking Price14 Homes
Insight
If you're buying a home in Milford South, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Milford South in December 2024, up by 4.3% month-over-month. Of the 24 sold homes, 58% were sold under asking, 33% were sold at asking, and and 8% were sold over asking.
Days on Market for Milford South, DE
How long does it take to sell a home in Milford South, DE?
Breakdown of Home Sale Times
Under 30 Days11 Homes
30 – 90 Days9 Homes
Over 90 Days4 Homes
Insight
Many homes in Milford South are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 24 homes were sold in Milford South; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 50 DaysThis YearDec 2024 | ||
| 45 Days1 year agoDec 2023 | +10.5 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Milford South had an average listing age of 50 days in Dec 2024, up by 10.5% compared to the previous year.
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Newest Listings in Milford South, DE
What homes are available in Milford South, DE?
New - 2 days on Rocket
$8,312 Closing Credit¹
Joseph Cusato, Listing Office: Samson Properties of DE, LLC
Coming soon
$2,791 Closing Credit¹
Donavin Jaden Tallarico I, Listing Office: Northrop Realty
New - 3 days on Rocket
$3,325 Closing Credit¹
Jorge Chavez, Listing Office: Iron Valley Real Estate at The Beach
New - 4 days on Rocket
$6,234 Closing Credit¹
Michael W Moyer, Listing Office: The Parker Group
Coming soon
$5,522 Closing Credit¹
Diana L. Green, Listing Office: Myers Realty
Coming soon
$4,144 Closing Credit¹
Jared Rowley, Listing Office: Samson Properties of DE, LLC
New - 4 days on Rocket
$3,741 Closing Credit¹
Conrad J Heilman III, Listing Office: D.R. Horton Realty of Delaware, LLC
Coming soon
$3,799 Closing Credit¹
Todd M Ruckle, Listing Office: Empower Real Estate, LLC
$3,788 Closing Credit¹
Kelly Turner, Listing Office: Keller Williams Realty
$3,497 Closing Credit¹
Taylor Marie Rettano, Listing Office: Northrop Realty
$4,097 Closing Credit¹
Gina Cockerille, Listing Office: Patterson-Schwartz-Rehoboth
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MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/26/2025, 1:15:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.