$7,125 Closing Credit*
$599,990
3,008 SqFt
4 Beds
•2 Full Baths, 1 Partial
Heather S Shaffer, Listing Office: PH Relocation Services LLC
Is Milford, MI 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, MI
How much do homes in Milford, MI cost?
Median Sold Price
$492,505
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,005(+4.0%)
Key Takeaway
Homes in Milford have sold for 4% more than they did a year ago.
Summary: The median home sold price in Milford was $492,505 in November 2024, up 4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $255K | +88.9% |
| 2 Bedrooms | $282.5K | $282.5K | 0.0% |
| 3 Bedrooms | $370K | $421.7K | +14.0% |
| 4 Bedrooms | $525K | $599K | +14.1% |
| 5+ Bedrooms | $750K | $682.4K | -9.0% |
Summary: Milford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| Milford | $473.5K | $492.5K | +4.0% |
| Milford Charter Township | $473.5K | $492.5K | +4.0% |
Housing Supply in Milford, MI
How many homes are available in Milford, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 123 | 114 | -7.3% |
Summary: The Milford real estate market had 114 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 56 | 49 | -12.5% |
| 4 Bedrooms | 41 | 42 | +2.4% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
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 decreased by 12.5%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 22 | -26.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Milford in November 2024, down by 26.7% month-over-month. Of the 22 sold homes, 50% were sold under asking, 5% were sold at asking, and 45% were sold over asking.
Days on Market for Milford, MI
How long does it take to sell a home in Milford, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 47 Days | +59.9% |
Summary: Homes in Milford had an average of 47 days on market in Nov 2024, up by 59.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milford has remained consistent over time.
Summary: During November 2024, 22 homes were sold in Milford; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.