Is Milford, MA 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 October 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, MA cost?

Median Sold Price

$468,520

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$34,320(+7.9%)

Key Takeaway

Homes in Milford have sold for 7.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $168.2K$193K
+14.7%
2 $370K$406.5K
+9.9%
3 $402K$435K
+8.2%
4 $520K$585K
+12.5%
5+ $462.4K$550K
+18.9%

Median Sold Price Compared To Nearby Cities

Hopedale
+23.8%
Upton
+15.3%
Bellingham
+14.3%
Milford
+7.9%
Hopkinton
+4.8%

How many homes are available in Milford, MA?

Number of Homes For Sale

Sep 2022Oct 2022%
8672-16.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 2114
-33.3%
3 3530
-14.3%
4 2120
-4.8%
5+ 87
-12.5%

Number of Homes Sold

Sep 2022Oct 2022%
2827-3.6%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milford, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
22 Days28 Days+25.8%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Milford are selling fast, if you're buying plan to act quickly.

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

About Milford, MA

There are 72 homes are for sale in Milford, MA real estate market. In October 2022 in Milford, MA there were 16.3% less homes for sale than in September 2022. The median list price of listings available in October 2022 was $468,520, while the average time on the real estate market was 28 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 14.7%, 2 bedrooms properties prices increased by 9.9%, 3 bedrooms properties became 8.2% more expensive, 4 bedrooms properties became 12.5% more expensive, 5 bedrooms properties prices increased by 18.9%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 33.3%, 3 bedrooms homes inventory decreased by 14.3%, volume of 4 bedrooms homes went down by 4.8%, volume of 5 bedrooms homes went down by 12.5%. Milford, MA housing market in October 2022 saw over 11 listings sold above listed price, more than 4 sold at listed price and over 12 sold below.

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