Is Milford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Milford, CT
How much do homes in Milford, CT cost?
Median Sold Price
$430,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Milford have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Milford was $430,000 in March 2024, up 7.2% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $230K | +5.7% |
| 2 Bedrooms | $325K | $340.5K | +4.8% |
| 3 Bedrooms | $442K | $450K | +1.8% |
| 4 Bedrooms | $553.5K | $598.4K | +8.1% |
| 5+ Bedrooms | $660K | $699.5K | +6.0% |
Summary: Milford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Woodmont | $480.5K | $642.5K | +33.7% |
| West Haven | $287.2K | $320K | +11.4% |
| Orange | $500.5K | $538K | +7.5% |
| Milford | $401.1K | $430K | +7.2% |
| Stratford | $374.8K | $389.9K | +4.0% |
Housing Supply in Milford, CT
How many homes are available in Milford, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 137 | 155 | +13.1% |
Summary: The Milford real estate market had 155 homes for sale in March 2024, a 13.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 28 | 31 | +10.7% |
| 3 Bedrooms | 63 | 69 | +9.5% |
| 4 Bedrooms | 29 | 30 | +3.4% |
| 5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Milford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 38 | +40.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford, you could pay more than the asking price. 55.3% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Milford in March 2024, up by 40.7% month-over-month. Of the 38 sold homes, 34% were sold under asking, 11% were sold at asking, and 55% were sold over asking.
Days on Market for Milford, CT
We’re sorry, we don't have information for this market at the moment
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