Is Milford, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milford is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Milford has remained a Seller's Market.

Key Takeaway

Milford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Milford, CT cost?

Median Sold Price

$400,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$40,447(+11.2%)

Key Takeaway

Homes in Milford have sold for 11.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $170K$200K
+17.6%
2 $275K$306K
+11.3%
3 $375K$435.3K
+16.1%
4 $472.5K$544.9K
+15.3%
5+ $531K$600K
+13.0%

Median Sold Price Compared To Nearby Cities

Woodmont
+23.4%
Milford
+11.2%
Stratford
+11.0%
West Haven
+9.1%

How many homes are available in Milford, CT?

Number of Homes For Sale

Jul 2022Aug 2022%
294260-11.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 2723
-14.8%
2 6562
-4.6%
3 12193
-23.1%
4 6465
+1.6%
5+ 1717
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
9178-14.3%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milford, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Milford, CT

Milford, CT has 260 homes on the market. Between July 2022 and August 2022, Milford, CT real estate market has seen decrease in the number of listings by 11.6%. This housing market listing prices have changed between July 2022 and August 2022: the cost of 1 bedroom properties went up by 17.6%, 2 bedrooms properties prices increased by 11.3%, the cost of 3 bedrooms properties went up by 16.1%, 4 bedrooms properties prices increased by 15.3%, 5 bedrooms properties prices increased by 13%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 14.8%, the quantity of 2 bedrooms homes went down by 4.6%, number of 3 bedrooms homes decreased by 23.1%, the quantity of 4 bedrooms homes went up by 1.6%, 5 bedrooms homes did not move. In August 2022, from all listings sold in Milford, CT there were more than 41 sold above asking price, over 32 sold below and more than 5 were sold right at the asked price.

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