Is Milford, OH 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, OH
How much do homes in Milford, OH cost?
Median Sold Price
$315,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milford have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Milford was $315,000 in April 2024, up 6.8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $247.5K | $243.7K | -1.5% |
| 3 Bedrooms | $286.5K | $292.7K | +2.2% |
| 4 Bedrooms | $336K | $410K | +22.0% |
| 5+ Bedrooms | $1.0M | $503.2K | -49.7% |
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 decreased by 1.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 49.7%.
Housing Supply in Milford, OH
How many homes are available in Milford, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Summary: The Milford real estate market had 21 homes for sale in April 2024, a 31.3% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
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 50%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 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, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Milford in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Milford, OH
How long does it take to sell a home in Milford, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 30 Days | +43.7% |
Summary: Homes in Milford had an average of 30 days on market in Apr 2024, up by 43.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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, 6 homes were sold in Milford; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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