Is Milford Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Milford Township was a Seller's Market.
Housing Prices in Milford Township, IL
How much do homes in Milford Township, IL cost?
Median Sold Price
$87,550
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Milford Township was $87,550 in May 2024, up 5.5% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $53.2K | N/A |
2 Bedrooms | $25K | $52K | +108.0% |
3 Bedrooms | $107.5K | $184K | +71.2% |
4 Bedrooms | $87.9K | $139.9K | +59.1% |
5+ Bedrooms | $173.5K | $325K | +87.3% |
Summary: Milford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 108%, 3 bedroom homes increased by 71.2%, 4 bedroom homes increased by 59.1%, and 5+ bedroom homes increased by 87.3%.
Median Sold Price Compared To Nearby Cities
Milford | $78K | $87.5K | +12.2% |
Milford Township | $83K | $87.5K | +5.5% |
Housing Supply in Milford Township, IL
How many homes are available in Milford Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Summary: The Milford Township real estate market had 9 homes for sale in May 2024, a 25.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Milford Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Milford Township in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Milford Township, IL
How long does it take to sell a home in Milford Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 28 Days | -56.9% |
Summary: Homes in Milford Township had an average of 28 days on market in May 2024, down by 56.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Milford Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.