Is Milford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Milford has remained a Seller's Market.
Key Takeaway
Milford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milford, MA
How much do homes in Milford, MA cost?
Median Sold Price
$510,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Milford have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Milford was $510,000 in May 2024, up 7.2% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $212.7K | +6.9% |
| 2 Bedrooms | $436.3K | $387K | -11.3% |
| 3 Bedrooms | $445K | $490K | +10.1% |
| 4 Bedrooms | $574.4K | $640K | +11.4% |
| 5+ Bedrooms | $565K | $596K | +5.5% |
Summary: Milford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Bellingham | $441K | $489.9K | +11.1% |
| Hopkinton | $823.5K | $884K | +7.3% |
| Milford | $475.9K | $510K | +7.2% |
| Upton | $652.7K | $652K | -0.1% |
| Hopedale | $535K | $497.5K | -7.0% |
Housing Supply in Milford, MA
How many homes are available in Milford, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 55 | +1.9% |
Summary: The Milford real estate market had 55 homes for sale in May 2024, a 1.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Milford housing inventory by bedroom type for May 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 10.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 11 | -52.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Milford in May 2024, down by 52.2% month-over-month. Of the 11 sold homes, 9% were sold under asking, 9% were sold at asking, and 82% were sold over asking.
Days on Market for Milford, MA
How long does it take to sell a home in Milford, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 21 Days | +62.7% |
Summary: Homes in Milford had an average of 21 days on market in May 2024, up by 62.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Milford; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
