Is Milford, CT 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, CT
How much do homes in Milford, CT cost?
Median Sold Price
$435,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Milford have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Milford was $435,000 in May 2024, up 8.1% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $230K | +4.5% |
| 2 Bedrooms | $325K | $350K | +7.7% |
| 3 Bedrooms | $435K | $465K | +6.9% |
| 4 Bedrooms | $575K | $575K | 0.0% |
| 5+ Bedrooms | $610K | $700K | +14.8% |
Summary: Milford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| West Haven | $290K | $325K | +12.1% |
| Orange | $490K | $540K | +10.2% |
| Milford | $402.3K | $435K | +8.1% |
| Stratford | $370.2K | $400K | +8.0% |
Housing Supply in Milford, CT
How many homes are available in Milford, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 179 | 217 | +21.2% |
Summary: The Milford real estate market had 217 homes for sale in May 2024, a 21.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 13 | +44.4% |
| 2 Bedrooms | 35 | 55 | +57.1% |
| 3 Bedrooms | 78 | 92 | +17.9% |
| 4 Bedrooms | 38 | 36 | -5.3% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Milford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 47 | +27.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford, you could pay more than the asking price. 59.6% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Milford in May 2024, up by 27.0% month-over-month. Of the 47 sold homes, 32% were sold under asking, 9% were sold at asking, and 60% were sold over asking.
Days on Market for Milford, CT
We’re sorry, we don't have information for this market at the moment
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