$3,561 Closing Credit*
$299,900
1,188 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: KELLER WILLIAMS REAL ESTATE
Is Milford, NJ 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, NJ
How much do homes in Milford, NJ cost?
Median Sold Price
$545,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$115,000(+26.7%)
Key Takeaway
Homes in Milford have sold for 26.7% more than they did a year ago.
Summary: The median home sold price in Milford was $545,000 in November 2024, up 26.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124K | $348.7K | +181.3% |
| 2 Bedrooms | $260K | $420K | +61.5% |
| 3 Bedrooms | $379K | $456.9K | +20.6% |
| 4 Bedrooms | $605.7K | $699K | +15.4% |
| 5+ Bedrooms | $640.5K | $1.0M | +69.5% |
Summary: Milford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 181.3%, 2 bedroom homes increased by 61.5%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 69.5%.
Median Sold Price Compared To Nearby Cities
| Alexandria Township | $510K | $730K | +43.1% |
| Milford | $430K | $545K | +26.7% |
| Holland Township | $435K | $542.5K | +24.7% |
Housing Supply in Milford, NJ
How many homes are available in Milford, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 37 | -24.5% |
Summary: The Milford real estate market had 37 homes for sale in November 2024, a 24.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Milford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Milford in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Milford, NJ
We’re sorry, we don't have information for this market at the moment
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