$4,738 Closing Credit*
$399,000
2,865 SqFt
4 Beds
•3 Full Baths, 1 Partial
Debbie Reed, Listing Office: RE/MAX Realty Group Rehoboth
Is Milford, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$350,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+11.1%)
Key Takeaway
Homes in Milford have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Milford was $350,000 in October 2024, up 11.1% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $227K | $250K | +10.1% |
| 3 Bedrooms | $315K | $340K | +7.9% |
| 4 Bedrooms | $362.5K | $420K | +15.9% |
| 5+ Bedrooms | $497.9K | $398.5K | -20.0% |
Summary: Milford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
| Milford | $315K | $350K | +11.1% |
| Milford North | $335K | $368K | +9.9% |
| Milford | $319.9K | $350K | +9.4% |
| Milford South | $333K | $355K | +6.6% |
Housing Supply in Milford, DE
How many homes are available in Milford, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 122 | +6.1% |
Summary: The Milford real estate market had 122 homes for sale in October 2024, a 6.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 22 | 18 | -18.2% |
| 3 Bedrooms | 51 | 59 | +15.7% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Milford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 27 | +92.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Milford in October 2024, up by 92.9% month-over-month. Of the 27 sold homes, 52% were sold under asking, 30% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 72 Days | +173.8% |
Summary: Homes in Milford had an average of 72 days on market in Oct 2024, up by 173.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milford has remained consistent over time.
Summary: During October 2024, 27 homes were sold in Milford; 37% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
