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Milton Housing Market Report

By Patrick Ross · Reviewed By Jacob Norris · Last Updated December 4, 2024
Milton housing market report

Milton housing market overview

  • The average home price in Milton was $1,119,939 — a 7.49% year-over-year increase.
  • The median home price in Milton was $987,500 — a 2.33% year-over-year increase.
  • The average detached home price increased 11.88% year-over-year to $1,441,381
  • The semi-detached home price increased 7.95% year-over-year to $1,017,025
  • The condo townhouse home price increased 1.44% year-over-year to $885,726
  • The average condo apartment home price increased 1.61% year-over-year to $629,167

Table of contents

Average home price trends

The average home price across all property types in Milton was $1,119,939. Home prices have increased 7.49% year-over-year compared to the average home price of $1,041,949 the prior year. The average home price across all property types saw a 7.66% month-over-month increased from the average home price of $1,040,242 the prior month. Here is how the average home price has changed across property types.

Read More: Toronto (GTA) Home Prices

Property Type Average M/M Y/Y
Detached $1,441,381 +11.83% +11.88%
Semi-Detached $1,017,025 +1.28% +7.95%
Condo Townhouse $885,726 -0.64% +1.44%
Condo Apartment $629,167 -0.49% +1.61%

Important Market Metrics

Sales

Total sales in Milton were 150 which is a 51.52% increase from 99 sales the prior year. Here is how the sales are broken down by property type:

  • Detached: 67 — a 42.55% Y/Y increase
  • Semi-Detached: 20 — a 53.85% Y/Y increase
  • Condo Townhouse: 39 — a 69.57% Y/Y increase
  • Condo Apartment: 15 — a 66.67% Y/Y increase

Inventory

The housing inventory this month is 2.5 months which is up from 2.5 months of inventory the prior month and 1.9 months the prior year. Housing inventory this month is much higher than the historical 5-year average which is 0 months of inventory.

Listings

Milton had total new listings of 281 which is a 28.31% Y/Y increase and -16.86% M/M decrease.

Sales-to-new-Listings Ratio

The sales-to-new listing ratio is an important metric as it helps us to understand the balance of supply and demand in the housing market which helps determine who has the majority of negotiating power in the housing market. The sales-to-new-listings ratio (SNLR) in Milton was 45.2% in August 2024. The SNLR indicates a buyers market market with a SNLR ratio that falling below 40%.

Milton historical home prices

Historical home prices in Milton Milton home sales history

All property types

The highest historical average home price in Milton was $0. The highest historical median home price was $0.

Stat August 2024 Y/Y Change
Average Price $1,119,939 +7.49%
Median Price $987,500 +2.33%
Sales 150 +51.52%
New Listings 281 +28.31%
Active Listings 424 +34.18%

Single-family detached home prices in Milton

Stat August 2024 Y/Y Change
Average Price $1,441,381 +11.88%
Median Price $1,275,000 +8.51%
Sales 67 +42.55%
New Listings 120 +26.32%
Active Listings 217 +49.66%

Semi-detached home prices in Milton

Stat August 2024 Y/Y Change
Average Price $1,017,025 +7.95%
Median Price $1,002,500 +8.38%
Sales 20 +53.85%
New Listings 34 +47.83%
Active Listings 33 +37.5%

Condo townhouse prices in Milton

Stat August 2024 Y/Y Change
Average Price $885,726 +1.44%
Median Price $895,000 +0.56%
Sales 39 +69.57%
New Listings 63 +23.53%
Active Listings 63 +10.53%

Condo apartment prices in Milton

Stat August 2024 Y/Y Change
Average Price $629,167 +1.61%
Median Price $635,000 +9.48%
Sales 15 +66.67%
New Listings 38 +11.76%
Active Listings 73 +1.39%

Other housing market reports across the greater Toronto area:

Toronto

Halton Region

Peel Region

York Region

Durham Region

Dufferin County

Simcoe County

source: TREB