Millsboro Real Estate

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Millsboro Real Estate Information

Surrounded by nothing but the gorgeous outdoor setting of southern Delaware, Millsboro is a lovely, welcoming town in Sussex County. Some 2,700 residents enjoy the relaxing and affordable lifestyle that Millsboro has to offer. Centrally located, Millsboro homes for sale is ideal for people looking for the perfect combination of a small town with plenty of access to commerce, employment, and entertainment in the greater Millsboro area.

The town of Millsboro was established over two hundred years ago when a dam was built to turn away the Indian River and a saw mill was erected. As it's been since the town's inception, the lumber industry is still a hallmark of Millsboro. Perhaps Millsboro's most effective calling card is its neighboring nature. From expansive golf courses to marshland preserves and the nearby Indian River, Millsboro residents have nature's gifts at their fingertips. For trivia buffs, Millsboro is one of only two cities in the United States to hold its state record for both the highest and lowest recorded temperatures: reaching 110 F in 1930 and -17 F way back in 1893.

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Millsboro Real Estate Market - Prices of Millsboro, Delaware Homes for Sale

Buyers looking for an affordable home in a great location will have no shortage of choices in Millsboro. In addition to single-family homes, Millsboro has a nice selection of townhomes, waterfront properties, and development lots. As the town has grown, so too have the amount of new homes. Most of the homes in Millsboro have been built after 1980. As of 2007, the mean price for a detached home in Millsboro is $265,000 which is lower than the state average.

Interested in Millsboro real estate? Use our Millsboro, DE real estate buyer and seller tools to find the latest information on the local housing market, neighborhoods and real estate trends. Narrow your property search by price, number of bedrooms, recent Millsboro foreclosures, and check your home value. Whether you are looking for homes for sale in Millsboro or a top Realtor, our Millsboro real estate community profile provides helpful resources for your home search needs. You can also view a complete list of Millsboro homes for sale.

Millsboro Real Estate Stats and Trends for the week of April 2nd, 2018: homes priced around $217,822 compared to $286,992 the previous week, showing a decrease of less than -32%.  For Wednesday, May 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.58%; the 15 year fixed rate is at 4.02%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.03%, while the 15 year jumbo rate currently is at 4.51%.

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