Is Milford, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, DE
How much do homes in Milford, DE cost?
Median Sold Price
$335,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milford have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in Milford was $335,000 in April 2024, up 15.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $220K | $232.5K | +5.7% |
| 3 Bedrooms | $291K | $332.5K | +14.3% |
| 4 Bedrooms | $353.7K | $389K | +10.0% |
| 5+ Bedrooms | $504.8K | $444.9K | -11.9% |
Summary: Milford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Lincoln | $315K | $369K | +17.1% |
| Milford | $291K | $335K | +15.1% |
| Milford South | $305K | $350K | +14.8% |
| Milford | $299.9K | $335K | +11.7% |
| Milford North | $350K | $341.7K | -2.3% |
Housing Supply in Milford, DE
How many homes are available in Milford, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 113 | 114 | +0.9% |
Summary: The Milford real estate market had 114 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 67 | 60 | -10.4% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Milford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was 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 20 homes were sold or pending in Milford in April 2024, the same as the previous month. Of the 20 sold homes, 50% were sold under asking, 45% were sold at asking, and 5% were sold over asking.
Days on Market for Milford, DE
How long does it take to sell a home in Milford, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 35 Days | -42.0% |
Summary: Homes in Milford had an average of 35 days on market in Apr 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 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 April 2024, 20 homes were sold in Milford; 60% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
