Milton Housing Update: Prices Near $1M, New Rentals Advance
Milton, MA – March 8, 2026 – Home prices remain elevated, inventory is limited, and several multifamily projects move ahead across town.
Home values in Milton continue to command premium prices, while new rental developments add future supply to a tight for-sale market.
Top takeaways
- Median sale price recently around $990K, up year over year.
- Roughly 20–44 active listings, signaling limited inventory.
- Several multifamily projects under construction, adding dozens of units.
- Median rent around $3,150, with softer year-over-year rent trends.
Market snapshot
Recent data show the median sale price near $990,000, up about 20% from a year earlier, with homes taking roughly 35 days to sell. Sales activity increased year over year in January, even as days on market ticked up slightly.
Inventory remains constrained. Realtor.com reports about 20 active for-sale listings, while Zillow recently showed 44 homes on the market at the end of January. The median rent is about $3,150 per month, with rents down year over year, suggesting some easing on the rental side even as ownership prices stay high.
Development pipeline
The town’s ongoing development list highlights multiple rental projects underway:
- 936 Brush Hill Road: 20 rental units, including 5 affordable; lottery scheduled for March 23, 2026.
- 711 Randolph Avenue: 90 rental units (23 affordable), under construction with completion expected fall 2026.
- Residences at East Milton (Franklin Street): 92 rental units (23 affordable), under construction.
- 728 Randolph Ave: 40 rental units (10 affordable), completion expected summer 2027.
These additions could modestly expand rental options over the next 12–24 months, though near-term for-sale supply remains limited.
What this means locally
High prices and low inventory continue to define the ownership market, keeping competition firm for well-priced homes. At the same time, the pipeline of multifamily construction may gradually improve rental availability and support affordability goals.
Are you seeing more listings or stronger buyer competition in your neighborhood this spring?
Sources
https://www.redfin.com/city/36138/MA/Milton/housing-market
https://www.realtor.com/realestateandhomes-search/Milton_MA/overview
https://www.zillow.com/home-values/155034/milton-ma/
https://www.miltonma.gov/1277/Ongoing-Development-Projects