The Milford Homes For Sale Market Report

Milford, like Millis, is showing us the classic signs we've come to expect.

 

Can’t see the chart? You can find it Here .

We have rising prices - slowly, but up - slightly more inventory, good transaction volume over the last 6 months, and solid HSI. A normal, functioning, upward trending market. There are a couple of things to note. Sellers remain very bullish on home prices - asking almost 3% above current sales rates. Also, I noted a big jump in bank impacted inventory - 7 homes - or about 10% of the market. Probably just a blip, because with sales volume this aggressive, those should move quickly.

What should active home buyers do in Milford ?

Active home buyers should shop carefully, deliberately, and understand the more complex Milford market. Pricing is less simple here, and with homes moving quickly - and sellers asking high prices - knowing the intrinsic value is important.

 

Find Your Next Home or Check out the Competition!

 

What should potential home sellers do in Milford?

Home sellers should be encourage that prices are up. Re-financing is easier, and selling is easier too. Hold on has helped you - prices are up 23% off their lows - and yet surrounding towns make Milford a quality bargain, keeping demand firm.

 

 

Milford Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • Milford‘s “Home Seller Index” (HSI): Last Report:
  • There are 64 homes listed as For Sale.

    Get those rakes out!  Home buyers are still looking

    in Milford.
  • There have been 160 houses sold in the last 6 months, and 97 homes sold in the last 3 months in Milford.
  • The Average number of Days on Market was 77 days for just SOLD homes.
  • There is an Average Market Time of 77 days of the Milford homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $163 (vs. $159 )
  • Current sellers are looking for $170/sq foot
  • There was an Average Sold Price of $281,357 for sold homes.
  • Milford, MA, has 3 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 4 properties advertised as a short-sale is going to be needed by the lender.

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

 

 

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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.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.