Is Milford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Milford has remained a Seller's Market.
Housing Prices in Milford, CT
How much do homes in Milford, CT cost?
Median Sold Price
$431,666
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Milford was $431,666 in April 2024, up 7.7% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $230.7K | +7.3% |
2 Bedrooms | $325K | $350K | +7.7% |
3 Bedrooms | $440K | $455K | +3.4% |
4 Bedrooms | $555K | $592K | +6.7% |
5+ Bedrooms | $635K | $699.5K | +10.2% |
Summary: Milford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
West Haven | $289.9K | $320K | +10.4% |
Orange | $493.7K | $540K | +9.4% |
Milford | $400.7K | $431.6K | +7.7% |
Stratford | $373.2K | $399K | +6.9% |
Housing Supply in Milford, CT
How many homes are available in Milford, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
160 | 173 | +8.1% |
Summary: The Milford real estate market had 173 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 11 | -15.4% |
2 Bedrooms | 33 | 33 | 0.0% |
3 Bedrooms | 70 | 74 | +5.7% |
4 Bedrooms | 30 | 36 | +20.0% |
5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The Milford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 36 | -10.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Milford in April 2024, down by 10.0% month-over-month. Of the 36 sold homes, 47% were sold under asking, 11% were sold at asking, and 42% were sold over asking.
Days on Market for Milford, CT
We’re sorry, we don't have information for this market at the moment