Milo Housing Market Report February 2025•Yates County, New York

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Housing Prices in Milo, NY

How much do homes in Milo, NY cost?

Housing Market Conditions

Is Milo, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Milo is a Neutral Market

Difference Since February 2024

Since last year, Milo has remained a Neutral Market.

Insight

Milo is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$257,500$164/SqFt
+$30,500
+13.4%

Based on all homes sold in the last 12 months

Insight

Homes in Milo have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in Milo was $257,500 in February 2025, up 13.4% from last year, and the median price per square foot was $164.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Penn Yan
+32.0%
Milo
+13.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$365K$349.5K
-4.2%
2$165K$224K
+35.8%
3$219.5K$282.2K
+28.6%
4$215K$257.5K
+19.8%
5$408K$256.7K
-37.1%

Summary: Milo housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -4.2%. The home price for 2 bedroom homes increased by +35.8%. The home price for 3 bedroom homes increased by +28.6%. The home price for 4 bedroom homes increased by +19.8%. The home price for 5 bedroom homes decreased by -37.1%.

Housing supply in Milo, NY

How many homes are available in Milo, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
26Last MonthFeb 2025
242 months agoJan 2025
+8.3 %
Change MoMJan – Feb

Summary: The Milo real estate market had 26 homes for sale in Feb 2025, a 8.3 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthFeb 2025
22 months agoJan 2025
+100.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
2911
+22.2%
3109
-10.0%
422
0.0%
534
+33.3%

Summary: Milo housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +22.2%. The inventory for 3 bedroom homes decreased by -10.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Milo, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Milo, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Milo in February 2025, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and and 25% were sold over asking.

Days on Market for Milo, NY

How long does it take to sell a home in Milo, NY?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in Milo are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 4 homes were sold in Milo; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
27 DaysThis YearFeb 2025
28 Days1 year agoFeb 2024
-4.4 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Milo had an average listing age of 27 days in Feb 2025, down by 4.4% compared to the previous year.

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Newest Listings in Milo, NY

What homes are available in Milo, NY?

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Nearby markets

Popular Cities with Homes for Sale in New York

MLS Disclaimers and Copyright

Based on information from New York State Alliance of MLS, and Elmira-Corning Regional Association of REALTORS® MLS DISABLED for the period 03/01/2023 - 03/01/2025

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/4/2025, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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.

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

2025 © Elmira-Corning Regional Association of Realtors® Multiple Listing Service
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
DISABLED Last updated on: 2/28/2025, 2:01:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.