Milton, WI Real Estate

Milton Real Estate

Milton, Wisconsin offers a hometown charm nestled in southeastern Wisconsin north of Janesville and Milwaukee, Rockford and Chicago, all within a short drive.

With more than 5,500 residents, this rural area provides acres of gorgeous prairies and glistening streams. Once home to the prestigious Milton College, several of the buildings have been restored as apartments, offices, the city library and local shops.

Real Estate
The Milton area provides homes, which include old historic two-story homes to newer ranch homes. The average price of a home in Rock County is $119,000.

The area is seeing a growth of condominiums, starting around $98,000. Apartments are scattered around the city with rent as low as $300 a month. Builders currently developing in the area are Preferred Homes, Eastwood Homes, Richards Construction and Natts Construction.

Real estate taxes are currently 24.68% in the Milton area, which are lower than the state average.

Amenities
The city also offers recreational programs through the Rock County YMCA, which operates youth softball and football programs in the summers. Youth sports are also offered by private leagues.

The area also has year-round recreational opportunities from hiking and biking through the Storrs Lake Nature preserve using several miles of the Ice Age Trail. The city has five lakes nearby. Oak Ridge and Bonny Mead Golf Courses boasts 9 and 18 holes of beautiful golf.

School District
The Milton School District offers schooling for grades K-12, which provides an academic program with many programs and services for students with special needs. The district includes Milton and parts of the City of Janesville. The wonderful school district and its staff are focused on maximizing the learning opportunities for all students.

History
Known as the Prairie du Lac (Prairie of the Lakes), Milton was occupied by soldiers who served during the Black Hawk War in 1832. The soldiers called it “a veritable modern Eden.” When trying to establish a post office, the name “Prairie du Lac” was rejected by the territorial governor. A current name of Milton came to fruition, because of a settler who thought of it as a “Paradise Lost,” which is a poem written by John Milton.

Milton is home to the first concrete building in the United States, a hexagonal stagecoach inn (The Milton House), that was constructed in 1844 originating the legacy of Joseph Goodrich. Goodrich was an abolitionist who had tunnels created underneath the inn that provided a hiding place for runaway slaves. The Milton House is currently a museum. Tours of the house are provided by the Milton Historical Society.

A second community, one mile west of Milton, was established as West Milton. Two railroads were built through West Milton. The crossing of the railroads led to the name Milton Junction. Milton and Milton Junction functioned as individual communities until the merger in 1967. There are two downtown areas that serve as proof of the existence of the separated communities in Milton.

“Milton values and embraces its history as it progresses into the future.”

See real estate for sale in Milton, WI. 

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Milton High School (Milton) Milton School District Public 1089 15 MILTON HIGH SCHOOL GreatSchools Rating
Milton Middle School (Milton) Milton School District Public 510 14 MILTON MIDDLE SCHOOL GreatSchools Rating
Northside Intermediate School (Milton) Milton School District Public 740 17 NORTHSIDE INTERMEDIATE SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 10,927 163,344 5,852,878
Total Households 4,194 64,140 2,349,819
Total Families 3,138 43,224 1,516,725
Percent Male 50% 49% 50%
Percent Female 50% 51% 50%
White Collar Jobs 57% 58% 58%
Blue Collar Jobs 43% 42% 42%

Top Occupations

Professions Population Employed
Professional Services 531
Sales 340
Food 205
Healthcare 191
Maintenance 188
Manufacturing 186
Construction 161
Transportation 145
Management 143
Arts and Media 117

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Education Attainment

  City County State
Some High School 375 8,326 224,571
High School Graduate 2,449 40,126 1,256,597
Some College 1,464 24,009 833,955
Associates Degree 1,003 11,411 410,260
Bachelors Degree 1,388 15,211 747,113
Graduate Degree 630 7,792 384,121

Education Attainment


Market Conditions
Market Conditions for Milton - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Milton

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $257,900. The median sales price for homes in July rose by $24,500 compared to last month. This represents a 10.49% increase from June. Compared to the same month last year, the median price of homes rose by $23,900 representing a 10.21% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 11 in July to 35. This represents 23.91% decrease from June when 46 homes were on the market. Compared to the same month last year when there were 38 homes for sale, the inventory of homes for sale has fallen by 3 representing a -7.89% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 23 homes sold in July was 7 more than in June. This represents a 43.75% increase in sales from June. Compared to the same month last year, the number of homes sold increased by 4, a 21.05% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in July (14) decreased by 17 days compared to June. This represents a 54.83% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 4, a -22.22% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 99.53% in July rose by 1.65% compared to June and increased 0.33% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in July (21) rose by 5 compared to June, a 31.25% change. Compared to July 2019, the number of new listings decreased by 2, a -8.69% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in July was $259,900. The median list price for homes in July fell by ($4,050) compared to last month. This represents a 1.53% decrease from June. Compared to the same month last year, the median list price of homes increased $64,000 representing a 32.66% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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