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.
đź“Ś 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.
đź“Ś 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.
