The Milford, MA Homes For Sale Market Report
Milford was a super-heated market this spring. Breakout numbers here. Watch the Hot Seller Index (red line)jump along with the sales (yellow line).
Simply a monster spring for sellers in Milford. Buyers found it much tougher than at any time we've been tracking Milford, as Milford posts an HSI above 100 for the first time. We see all the basic hallmarks of a strong market: declining numbers of homes for sale, an average market time for solds under 100 Days, and rising $/sq foot, as it jumped $8 to $138. Milford still presents a lot of value at this price point, but with so little inventory left, it will be hard to find houses that don't need a lot of work or aren't really overpriced.
As a side note, the backlog of foreclosures and short-sales, which were previously putting pressure on $/sq foot and prices in general, seems to be abating, as the numbers are way down in this report. Foreclosures go from 8 to 3, and short-sales from 16 to 11. Still a lot of short-sale for so few active properties, but that will just make the market feel tighter. Sellers, if you're looking to sell your house in Milford, the fall could be a great market for you!! These numbers suggest there are plenty of buyers still looking.
Milford, MA Real Estate For Sale and Sold Market Statistics - Raw MLS Data
- There are 82 homes listed as For Sale.
- There have been 143 houses sold in the last 6 months, and 92 homes sold in the last 3 months.
- There was an Average Market Time of 97 days for just SOLD homes.
- There is an Average Market Time of 131 days of the homes For Sale.
- The Dollars paid per Square Foot in Milford is $138 (vs. $130 )
- There was an Average Sold Price of $256, 752 for sold homes.
- Milford, MA has 3 properties (vs. 8) advertised as lender owned/foreclosure (typically foreclosure) .
- Milford, MA has 11 properties (vs. 16) advertised as a shortsale is going to be needed by lender .
- Milford “Hot Seller Index” (HSI): 108 Last Report: 88
*All statistics are for Single Family Houses and based on data in MLS.
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About Matt Heisler
Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.
Do Good Things Today! Matt Heisler
*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
