$3,561 Closing Credit*
$299,900
1,039 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73312450, Katelyn E. Sullivan, Listing Office: Coldwell Banker Realty - Boston
Is Milford, MA 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, MA
How much do homes in Milford, MA cost?
Median Sold Price
$530,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,000(+7.9%)
Key Takeaway
Homes in Milford have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Milford was $530,000 in October 2024, up 7.9% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210.2K | $235K | +11.8% |
| 2 Bedrooms | $390K | $400K | +2.6% |
| 3 Bedrooms | $460K | $522.5K | +13.6% |
| 4 Bedrooms | $600K | $600K | 0.0% |
| 5+ Bedrooms | $570K | $612K | +7.4% |
Summary: Milford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 13.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Hopkinton | $839K | $945K | +12.6% |
| Milford | $491K | $530K | +7.9% |
| Bellingham | $479K | $500K | +4.4% |
| Hopedale | $500K | $495K | -1.0% |
| Upton | $660K | $650K | -1.5% |
Housing Supply in Milford, MA
How many homes are available in Milford, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 82 | +3.8% |
Summary: The Milford real estate market had 82 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 18 | 13 | -27.8% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Milford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
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 October 2024, down by 8.7% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 23 Days | +13.1% |
Summary: Homes in Milford had an average of 23 days on market in Oct 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Milford are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Milford; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
