2023 Milford Market Update

 

	2022	2023
Single Family Household	540	483
Median Sales Price	$450,000	$463,00
Median Days on Market	16	18
Median Sales Price to List Price	101%	100%

	2022	2023
Price Range	#Sold	#Sold
Under 200k	6	13
200’s	33	19
300’s	143	120
400’s	143	122
500’s	73	88
600’s	44	36
700’s	39	20
800’s	15	27
900’s	10	13
1000’s	34	25

Source: SmartMLS (1/29/2024)
Only 47 single family homes are currently for sale in Milford, and a lot of buyers are out looking. Milford has continued to evolve, and it has become a great place for those looking to raise a family and for those looking to move to the beach. If you are thinking of selling this year, these dynamics are working in your favor. If you are looking to buy, you will be happy to know that the median sales price only increased 2.9% in 2023, and inventory is expected yo rise significantly over the next few months. Call or text me for expert consultation and price opinions. No obligation.