$10,000 Closing Credit*
$899,900
3,088 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73292645, Fawaad Qamar, Listing Office: Whitestone Realty Group LLC
Is Milford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$36,375(+7.5%)
Key Takeaway
Homes in Milford have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Milford was $520,000 in August 2024, up 7.5% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208K | $230K | +10.6% |
| 2 Bedrooms | $388.5K | $401K | +3.2% |
| 3 Bedrooms | $451K | $500K | +10.9% |
| 4 Bedrooms | $591K | $601K | +1.7% |
| 5+ Bedrooms | $565K | $605.5K | +7.2% |
Summary: Milford housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Hopkinton | $814K | $939K | +15.4% |
| Milford | $483.6K | $520K | +7.5% |
| Bellingham | $464.5K | $490K | +5.5% |
| Upton | $654.8K | $652K | -0.4% |
| Hopedale | $510K | $491.5K | -3.6% |
Housing Supply in Milford, MA
How many homes are available in Milford, MA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 79 | 72 | -8.9% |
Summary: The Milford real estate market had 72 homes for sale in August 2024, a 8.9% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 31 | 25 | -19.4% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Milford housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford, you could pay more than the asking price. 65.4% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Milford in August 2024, up by 18.2% month-over-month. Of the 26 sold homes, 27% were sold under asking, 8% were sold at asking, and 65% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 24 Days | 24 Days | 0.4% |
Summary: Homes in Milford had an average of 24 days on market in Aug 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Milford are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 26 homes were sold in Milford; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
