$5,463 Closing Credit*
$460,000
1,662 SqFt
2 Beds
•2 Full Baths, 1 Partial
#73319710, Adelle Scansaroli, Listing Office: William Raveis R.E. & Home Services
Is Milford, MA 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, MA
How much do homes in Milford, MA cost?
Median Sold Price
$528,816
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,899(+7.1%)
Key Takeaway
Homes in Milford have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Milford was $528,816 in November 2024, up 7.1% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210.2K | $235K | +11.8% |
| 2 Bedrooms | $390K | $401K | +2.8% |
| 3 Bedrooms | $465K | $526.5K | +13.2% |
| 4 Bedrooms | $600K | $600.5K | 0.1% |
| 5+ Bedrooms | $580K | $612K | +5.5% |
Summary: Milford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Hopkinton | $839K | $947.5K | +12.9% |
| Milford | $493.9K | $528.8K | +7.1% |
| Bellingham | $479K | $500.5K | +4.5% |
| Upton | $665K | $640K | -3.8% |
| Hopedale | $535K | $485K | -9.3% |
Housing Supply in Milford, MA
How many homes are available in Milford, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 69 | -17.9% |
Summary: The Milford real estate market had 69 homes for sale in November 2024, a 17.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 38 | 27 | -28.9% |
| 4 Bedrooms | 24 | 20 | -16.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Milford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 28.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Milford in November 2024, down by 4.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 10% were sold at asking, and 62% were sold over asking.
Days on Market for Milford, MA
How long does it take to sell a home in Milford, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +24.9% |
Summary: Homes in Milford had an average of 30 days on market in Nov 2024, up by 24.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milford has remained consistent over time.
Summary: During November 2024, 21 homes were sold in Milford; 48% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
