Milford, NJ Foreclosures
How much do homes sell for in Milford, NJ?
The average home price is currently $492,041.
In Milford, NJ, how many homes are available?
There are currently 90 active home listings available in Milford.
What’s the average rental cost in Milford, NJ?
The average rental price in Milford is $1,985.
What is the most expensive home in Milford?
The most expensive home sold in Milford had a price of $22,000,000.
What is currently the cheapest priced home in Milford, NJ?
The cheapest home for sale in Milford is priced at $18,242.
Living in Milford, NJ
Milford, NJ, is a picturesque town located along the Delaware River, known for its charming downtown, outdoor activities, and a strong sense of community. With its historic architecture and vibrant events, Milford offers a perfect blend of small-town charm and modern living. Residents enjoy access to excellent schools and beautiful parks, making it an ideal place for families.
Current Market Conditions in Milford, NJ
The current real estate market in Milford reflects a steady increase in home values, driven by the desirable location and quality of life the town offers. With a mix of historic homes and newer developments, buyers are drawn to the charm of the area, leading to competitive bidding situations on well-maintained properties. As interest in suburban living grows, especially post-pandemic, Milford has become a sought-after destination for many looking to relocate from urban areas.
Additionally, the market has seen a surge in first-time homebuyers as mortgage rates stabilize, providing opportunities for those looking to enter the real estate market. Expect continued demand for waterfront properties and homes with ample outdoor space.
Milford's real estate market is characterized by a healthy balance of supply and demand. While inventory is somewhat limited, homes are moving quickly, particularly those that are updated or in prime locations within the town.
Home Value Estimator For Milford, NJ
There are currently 3,464 real estate properties
in Milford, NJ,
with a median automated valuation model (AVM) price
of $458,922.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Milford, NJ, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Milford, NJ,
is $492,041.00, with the most expensive house
in Milford, NJ, topping out
at $22,000,000.00 and the cheapest home
in Milford, NJ,
clocking in at $18,242.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Milford, NJ!
Rent Prices
In Milford, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Milford, NJ, is on
a rollercoaster ride. The
average rent price in Milford, NJ,
is $1,985.00. Indeed, when looking to rent in
Milford, NJ, you can expect to pay as little
as $900.00 or as much
as $4,700.00,
with the average rent median estimated to
be $1,990.00. The good news is that finding
an affordable and desirable property to rent in Milford, NJ
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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