$5,094 Closing Credit*
$429,000
1,412 SqFt
3 Beds
•2 Full Baths
Tommy Soto, Listing Office: William Raveis Real Estate
Is Milford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222K | $235K | +5.9% |
| 2 Bedrooms | $320K | $363.2K | +13.5% |
| 3 Bedrooms | $445K | $473.3K | +6.4% |
| 4 Bedrooms | $555K | $570K | +2.7% |
| 5+ Bedrooms | $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 | $290.2K | $340.5K | +17.3% |
| Stratford | $375K | $418.2K | +11.5% |
| Orange | $516.2K | $557K | +7.9% |
| Milford | $411.4K | $442.4K | +7.6% |
Housing Supply in Milford, CT
How many homes are available in Milford, CT?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 190 | 200 | +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
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 14 | +27.3% |
| 2 Bedrooms | 47 | 42 | -10.6% |
| 3 Bedrooms | 69 | 81 | +17.4% |
| 4 Bedrooms | 40 | 43 | +7.5% |
| 5+ Bedrooms | 23 | 20 | -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 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 53 | 38 | -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
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
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