Real Estate Market Update for Milford, CT
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 22% from one year earlier, and down 12% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 55%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 310-thousand dollars. The number of units sold decreased 7% year-over-year, and decreased 15% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Milford, CT
Area Information for Milford, CT
  • Population: 53,054
  • Median Age: 42.94 yr
  • Median Commute Time: 18.97 mins
  • Educational Climate*: 5
  • Sales Tax: 6.35%
  • Population Density: 2,392/sq mi
  • Population Change Since 2000: 1.43%
  • Closest Airport: Tweed-new Haven
  • Closest College: University Of New Haven
  • Closest Jr. College: St Vincents College
  • Median Household Income: $78,694
  • Annual Residential Turnover: 10.92%
  • Median Years in Residence: 4.72 yr
  • Median Home Sales Price: $241,500
  • Closest Major Sports Team: New Britain Rock Cats
  • Change Avg. Household Income Since 2000: 28%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Milford, CT
Median Age: 42.94 Married: 40% Number of Households: 22,018 Households with Children: 6,380
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Milford, CT

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St. Mary School 0.6 mi Catholic PRESCHOOL-8 0 4
      Orange Avenue School 0.7 mi Public PRESCHOOL-2 0 4
      The Foundation School High School 1.1 mi Private 8-12 0 0
      Harborside Middle School 1.1 mi Public 6-8 4-5 4
      Academy Of Our Lady Of Mercy - Lauralton Hall 1.2 mi Catholic 9-12 0 4
      Mathewson School 1.2 mi Public K-2 0 4
      Orchard Hills School 1.2 mi Public 3-5 3-5 5
      Calf Pen Meadow School 1.4 mi Public 3-5 3-5 5
      Platt Technical High School 1.4 mi Public 9-12 3-5 4
      Milford Christian Academy 1.6 mi Private K-12 0 4
      New England School Of Montessori 1.7 mi Private PRESCHOOL-6 0 5
      Joseph A. Foran High School 1.8 mi Public 9-12 4 3
      East Shore Middle School 2.1 mi Public 6-8 3 3
      Meadowside School 2.2 mi Public 3-5 3 4
      Cccd - Connecticut Center For Child Development 2.2 mi Private PRESCHOOL-8 0 0
      Charles F Hayden School- Boys & Girls Village 2.2 mi Private K-8 0 0
      Live Oaks School 2.4 mi Public PRESCHOOL-2 0 4
      Pumpkin Delight School 2.7 mi Public 3-5 2-5 4
      J. F. Kennedy School 2.8 mi Public K-2 0 5
      Jonathan Law High School 3.1 mi Public 9-12 2 3
      St. Gabriel School 3.5 mi Catholic PRESCHOOL-8 0 4
      St. Ann School 3.7 mi Catholic PRESCHOOL-8 0 4
      West Shore Middle School 4.0 mi Public 6-8 3 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Milford, CT
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.