$6,353 Closing Credit*
$535,000
2,394 SqFt
4 Beds
•2 Full Baths, 1 Partial
David L White, Listing Office: OwnerEntry.com
Is Milford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Milford Township has remained a Seller's Market.
Key Takeaway
Milford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milford Township, PA
How much do homes in Milford Township, PA cost?
Median Sold Price
$415,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$4,900(-1.2%)
Key Takeaway
Homes in Milford Township have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Milford Township was $415,000 in September 2024, down 1.2% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $64K | N/A |
| 2 Bedrooms | $240K | $280K | +16.7% |
| 3 Bedrooms | $375K | $360K | -4.0% |
| 4 Bedrooms | $530K | $600K | +13.2% |
| 5+ Bedrooms | $480K | $615K | +28.1% |
Summary: Milford Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 28.1%.
Median Sold Price Compared To Nearby Cities
| Richland Township | $380K | $391K | +2.9% |
| Quakertown | $370K | $380.5K | +2.8% |
| Milford Township | $419.9K | $415K | -1.2% |
Housing Supply in Milford Township, PA
How many homes are available in Milford Township, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 44 | 26 | -40.9% |
Summary: The Milford Township real estate market had 26 homes for sale in September 2024, a 40.9% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 19 | 5 | -73.7% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Milford Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 73.7%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milford Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Milford Township in September 2024, down by 33.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Milford Township, PA
How long does it take to sell a home in Milford Township, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 12 Days | 43 Days | +258.2% |
Summary: Homes in Milford Township had an average of 43 days on market in Sep 2024, up by 258.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milford Township has remained consistent over time.
Summary: During September 2024, 10 homes were sold in Milford Township; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
