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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milford Township is a neutral's market

Buyer's
Market

Difference Since February 2023

Since last year, Milford Township has remained a Neutral Market.

Key Takeaway

Milford Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Milford Township, PA

How much do homes in Milford Township, PA cost?

Median Sold Price

$419,900

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,900(+3.7%)

Key Takeaway

Homes in Milford Township have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Milford Township was $419,900 in February 2024, up 3.7% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $230K$242.5K
+5.4%
3 $357K$375K
+5.0%
4 $560K$517.5K
-7.6%
5+ $699.5K$480K
-31.4%

Summary: Milford Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 31.4%.

Median Sold Price Compared To Nearby Cities

Quakertown
+7.5%
Milford Township
+3.7%
Richland Township
+1.9%
Lower Milford Township
-5.8%

Housing Supply in Milford Township, PA

How many homes are available in Milford Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3133+6.5%

Summary: The Milford Township real estate market had 33 homes for sale in February 2024, a 6.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 57
+40.0%
3 108
-20.0%
4 1013
+30.0%
5+ 54
-20.0%

Summary: The Milford Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milford Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Milford Township in February 2024, down by 16.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.

Days on Market for Milford Township, PA

How long does it take to sell a home in Milford Township, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
29 Days32 Days+8.8%

Summary: Homes in Milford Township had an average of 32 days on market in Feb 2024, up by 8.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 5 homes were sold in Milford Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Milford Township, PA

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