Is Milford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Milford Township has remained a Seller's Market.
Housing Prices in Milford Township, PA
How much do homes in Milford Township, PA cost?
Median Sold Price
$395,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Milford Township was $395,000 in May 2024, down 5.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $259.9K | N/A |
2 Bedrooms | $242.5K | $270K | +11.3% |
3 Bedrooms | $394.9K | $350K | -11.4% |
4 Bedrooms | $540K | $595K | +10.2% |
5+ Bedrooms | $699K | $525K | -24.9% |
Summary: Milford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 24.9%.
Median Sold Price Compared To Nearby Cities
Richland Township | $380K | $395K | +3.9% |
Quakertown | $365K | $360K | -1.4% |
Milford Township | $419.9K | $395K | -5.9% |
Lower Milford Township | $447K | $401K | -10.3% |
Housing Supply in Milford Township, PA
How many homes are available in Milford Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 41 | +32.3% |
Summary: The Milford Township real estate market had 41 homes for sale in May 2024, a 32.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 14 | 19 | +35.7% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Milford Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Milford Township in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Milford Township, PA
How long does it take to sell a home in Milford Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 22 Days | +352.9% |
Summary: Homes in Milford Township had an average of 22 days on market in May 2024, up by 352.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Milford Township; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.