Is Milford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Milford Township has remained a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $242.5K | +5.4% |
3 Bedrooms | $357K | $375K | +5.0% |
4 Bedrooms | $560K | $517.5K | -7.6% |
5+ Bedrooms | $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 | $335K | $360K | +7.5% |
Milford Township | $405K | $419.9K | +3.7% |
Richland Township | $361.5K | $368.5K | +1.9% |
Lower Milford Township | $425K | $400.5K | -5.8% |
Housing Supply in Milford Township, PA
How many homes are available in Milford Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
31 | 33 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 5 | 4 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 5 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
29 Days | 32 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
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.