Is Milford, MA 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, MA
How much do homes in Milford, MA cost?
Median Sold Price
$520,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Milford have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Milford was $520,000 in March 2024, up 9.5% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $210.5K | +5.3% |
| 2 Bedrooms | $420K | $395K | -6.0% |
| 3 Bedrooms | $450K | $480K | +6.7% |
| 4 Bedrooms | $572.2K | $636.7K | +11.3% |
| 5+ Bedrooms | $565K | $580K | +2.7% |
Summary: Milford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Bellingham | $435K | $479.5K | +10.2% |
| Milford | $475K | $520K | +9.5% |
| Hopkinton | $815K | $878.1K | +7.8% |
| Upton | $641.2K | $661.3K | +3.1% |
| Hopedale | $540K | $494K | -8.5% |
Housing Supply in Milford, MA
How many homes are available in Milford, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 45 | -10.0% |
Summary: The Milford real estate market had 45 homes for sale in March 2024, a 10.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Milford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Milford in March 2024, down by 26.3% month-over-month. Of the 14 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% were sold over asking.
Days on Market for Milford, MA
How long does it take to sell a home in Milford, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 20 Days | -8.9% |
Summary: Homes in Milford had an average of 20 days on market in Mar 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milford are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Milford; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
