Is Milford, VA 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 has remained a Seller's Market.
Housing Prices in Milford, VA
How much do homes in Milford, VA cost?
Median Sold Price
$275,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Milford was $275,000 in March 2024, up 7.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $99.5K | N/A |
3 Bedrooms | $252.4K | $275K | +8.9% |
4 Bedrooms | $199.9K | $365.4K | +82.8% |
5+ Bedrooms | $543.5K | $370K | -31.9% |
Summary: Milford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 82.8%, and 5+ bedroom homes decreased by 31.9%.
Median Sold Price Compared To Nearby Cities
Mattaponi | $319K | $344.9K | +8.1% |
Milford | $255K | $275K | +7.8% |
Reedy Church | $270K | $287.5K | +6.5% |
Housing Supply in Milford, VA
How many homes are available in Milford, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 21 | -19.2% |
Summary: The Milford real estate market had 21 homes for sale in March 2024, a 19.2% decrease 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 | 2 | 2 | 0.0% |
3 Bedrooms | 15 | 12 | -20.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Milford 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Milford in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Milford, VA
How long does it take to sell a home in Milford, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 12 Days | -83.6% |
Summary: Homes in Milford had an average of 12 days on market in Mar 2024, down by 83.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Milford; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.