Is Milford Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milford Charter Township is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Milford Charter Township, MI cost?

Median Sold Price

$406,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$59,000(+17.0%)

Key Takeaway

Homes in Milford Charter Township have sold for 17% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $150K$900
-99.4%
2 $185K$230.5K
+24.6%
3 $279K$350K
+25.4%
4 $427K$512K
+19.9%
5+ $654.5K$707.5K
+8.1%

Median Sold Price Compared To Nearby Cities

Brighton Township
+18.6%
Milford Charter Township
+17.0%
Milford
+7.8%
New Hudson
+4.3%
Highland Charter Township
+1.8%

How many homes are available in Milford Charter Township, MI?

Number of Homes For Sale

Apr 2022May 2022%
7377+5.5%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 11
0.0%
2 106
-40.0%
3 2629
+11.5%
4 2528
+12.0%
5+ 1113
+18.2%

Number of Homes Sold

Apr 2022May 2022%
1621+31.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milford Charter Township, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
26 Days37 Days+40.5%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

2 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 Charter Township 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 Charter Township, MI

Homes for sale in Milford Charter Township, MI have reached 77. Between April 2022 and May 2022, Milford Charter Township, MI real estate market has seen increase in the number of listings by 5.5%. In May 2022, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $406,000. Listing prices have changed in this real estate market between April 2022 and May 2022: 1 bedroom properties prices decreased by 99.4%, 2 bedrooms properties prices increased by 24.6%, 3 bedrooms properties became 25.4% more expensive, prices of 4 bedrooms properties increased by 19.9%, 5 bedrooms properties became 8.1% more expensive. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes decreased by 40%, 3 bedrooms homes became 11.5% more available, 4 bedrooms homes became 12% more available, 5 bedrooms homes inventory increased by 18.2%. Milford Charter Township, MI housing market in May 2022 saw over 13 listings sold above listed price, more than 6 sold at listed price and over 2 sold below.

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