Spring 2026 Market Update: Milford
THE VILLAGE
🏡 RESIDENTIAL HIGHLIGHTS (March 2026 vs. March 2025)
• Closed Sales doubled — up 100% year-over-year
• Pending Sales surged 200%, signaling strong buyer demand heading into spring
• Median Sales Price rose to $594,950 — a 6.7% increase
• Average Sales Price climbed to $620,613 — up 11.2%
• New Listings increased 12.5%, yet inventory remains tight at just 2.3 months supply (down 25.8%)
Year-to-date, closed sales are up 81.8% and the median sales price is $512,500 — a 15.2% jump compared to the same period last year.
One notable shift: Days on Market increased to 57 days in March, up from 9 last year, and the Percent of List Price Received dipped slightly to 99.1% from 109.1%. This suggests the market, while still strong, is beginning to normalize — meaning NOW is still a prime window to list before conditions shift further.
🏢 CONDO MARKET NOTE
The condo segment shows more mixed signals. While new listings and inventory are up, median sales prices dipped month-over-month (though year-to-date figures are up 22.6%). Days on Market dropped dramatically from 173 to 45 days, suggesting condos are moving faster.
📌 THE BOTTOM LINE FOR SELLERS
With inventory still lean, buyer demand strong, and prices trending upward, sellers who list this spring are well-positioned to achieve strong results.
THE TOWNSHIP
🏡 RESIDENTIAL HIGHLIGHTS (March 2026 vs. March 2025)
• Closed Sales jumped 80% in March — strong buyer follow-through
• Sellers received 101.1% of list price — homes are still selling above asking
• Inventory is extremely tight at just 1.9 months supply
• Median Sales Price is $651,390 and average is $719,334
Here's what makes this moment especially interesting: new listings are down 45.2% year-to-date, meaning far fewer homes are hitting the market. Less competition for sellers = more leverage at the negotiating table.
One thing to be aware of: median prices are down about 6.8% from last March's figures, and days on market have increased to 76 days. This reflects a normalizing market — but sellers are still getting over asking price, which is what matters most.
🏢 CONDO MARKET — A BRIGHT SPOT
The condo segment is showing real strength:
• Median Sales Price up 11.1% to $460,000
• Average Sales Price up 23.5% to $528,513
• Sellers receiving 102.0% of list price
• Year-to-date closed sales up 87.5%
If you own a condo or townhome in Milford Township, this is a particularly compelling time to explore your options.
📌 THE BOTTOM LINE FOR SELLERS
With inventory near historic lows and buyers still paying at or above list price, well-priced homes in Milford Township are moving.
