Is Milford Charter Township, MI 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 Charter Township has remained a Seller's Market.
Housing Prices in Milford Charter Township, MI
How much do homes in Milford Charter Township, MI cost?
Median Sold Price
$485,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Milford Charter Township was $485,000 in March 2024, up 16.9% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $135K | -25.0% |
2 Bedrooms | $240K | $305K | +27.1% |
3 Bedrooms | $342K | $380K | +11.1% |
4 Bedrooms | $511.2K | $575K | +12.5% |
5+ Bedrooms | $714K | $750K | +5.0% |
Summary: Milford Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Milford | $375K | $485K | +29.3% |
Milford Charter Township | $415K | $485K | +16.9% |
New Hudson | $422K | $467.5K | +10.8% |
Highland Charter Township | $320.6K | $350K | +9.1% |
Brighton Township | $382.9K | $415K | +8.4% |
Housing Supply in Milford Charter Township, MI
How many homes are available in Milford Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 66 | +6.5% |
Summary: The Milford Charter Township real estate market had 66 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Milford Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Milford Charter Township in March 2024, up by 28.6% month-over-month. Of the 18 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.
Days on Market for Milford Charter Township, MI
How long does it take to sell a home in Milford Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 24 Days | -73.0% |
Summary: Homes in Milford Charter Township had an average of 24 days on market in Mar 2024, down by 73% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Milford Charter Township; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.