Is Milford, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milford is a seller's market

Buyer's
Market

Difference Since September 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

$442,491

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$31,063(+7.6%)

Key Takeaway

Homes in Milford have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Milford was $442,491 in September 2024, up 7.6% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $222K$235K
+5.9%
2 $320K$363.2K
+13.5%
3 $445K$473.3K
+6.4%
4 $555K$570K
+2.7%
5+ $740K$700K
-5.4%

Summary: Milford housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 5.4%.

Median Sold Price Compared To Nearby Cities

West Haven
+17.3%
Stratford
+11.5%
Orange
+7.9%
Milford
+7.6%

Housing Supply in Milford, CT

How many homes are available in Milford, CT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
190200+5.3%

Summary: The Milford real estate market had 200 homes for sale in September 2024, a 5.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1114
+27.3%
2 4742
-10.6%
3 6981
+17.4%
4 4043
+7.5%
5+ 2320
-13.0%

Summary: The Milford housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 13%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
5338-28.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milford, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Milford in September 2024, down by 28.3% month-over-month. Of the 38 sold homes, 47% were sold under asking, 8% were sold at asking, and 45% were sold over asking.

Days on Market for Milford, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Milford, CT

Nearby Markets to Milford, CT

What housing markets are near Milford, CT?