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By Jeff and Malyna
Milton is still the one that moves fast. If you’ve been watching from the sidelines, thinking about buying, selling, or just wondering what your place is worth, here’s the honest picture as of this fall.
The numbers: the median list price in Milton is $949,000, and the median single-family sale price is $1,224,500, with 15 homes sold in October, 14 of them single-family. The median time on market for a single-family home was just 21 days, and sellers took home 102.1% of asking on average. That is up from September, when the median single-family sale was $1,150,000, so Milton is not cooling off, it is holding its ground at a higher price.
If you’re buying: 21 days means you don’t get a lot of time to think it over. Get your pre-approval in hand before you fall for a place, and when the right one shows up, in Milton Village, East Milton, up by the Blue Hills, or over by Lower Mills, be ready to move. The homes that sit are usually the ones priced ahead of the market, not the ones priced to it. With only about 50 homes for sale, the good ones do not wait around.
If you’re selling: demand is real, but buyers are still careful. The sellers doing best right now are the ones who price to the market, present the home well, and let the competition do its work. Overpricing to “test the market” is what costs you the first three weeks, and those are the weeks that matter most. In a month where the median sale came in above asking, a sharp price is what brings the offers in.
Rates, quickly: the 30-year fixed is sitting around 7.2% right now. Not the 3% rates of a few years ago, but buyers have adjusted, and sellers who’ve been waiting for rates to drop have mostly stopped waiting.
The bottom line: Milton is moving, fast and above asking. Whether you’re thinking of buying your first place, upsizing, or cashing in on what you’ve built, the window is open, but it rewards the prepared.
Malyna and I live this market every day, and we’d love to talk through what it means for your home specifically. Give us a call anytime at (617) 959-0775. No pressure, just a straight answer.
Jeff Hsu, MJ Group | Coldwell Banker
