$6,234 Closing Credit*
$525,000
3,168 SqFt
5 Beds
•3 Full Baths, 1 Partial
Kathleen Gleeson, Listing Office: EXP Realty, LLC
Is Milford, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, DE
How much do homes in Milford, DE cost?
Median Sold Price
$351,533
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,533(+11.6%)
Key Takeaway
Homes in Milford have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Milford was $351,533 in November 2024, up 11.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $167.5K | N/A |
| 2 Bedrooms | $227.5K | $252K | +10.8% |
| 3 Bedrooms | $315K | $345K | +9.5% |
| 4 Bedrooms | $369K | $422.5K | +14.5% |
| 5+ Bedrooms | $497.9K | $398.5K | -20.0% |
Summary: Milford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
| Lincoln | $349.9K | $395K | +12.9% |
| Milford | $317.4K | $354.5K | +11.7% |
| Milford | $315K | $351.5K | +11.6% |
| Milford South | $332.5K | $359.9K | +8.3% |
| Milford North | $345K | $368K | +6.7% |
Housing Supply in Milford, DE
How many homes are available in Milford, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 119 | -1.7% |
Summary: The Milford real estate market had 119 homes for sale in November 2024, a 1.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 56 | 56 | 0.0% |
| 4 Bedrooms | 37 | 33 | -10.8% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Milford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Milford in November 2024, down by 22.2% month-over-month. Of the 21 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Milford, DE
How long does it take to sell a home in Milford, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 42 Days | +14.4% |
Summary: Homes in Milford had an average of 42 days on market in Nov 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 21 homes were sold in Milford; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
