Real Estate Market Update for Milford, CT

Video: Real Estate Community Tour for Milford, CT

See Real estate community tour for Milford, CT
Welcome to December's Market Update. Lets take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 30% from one year earlier, and down 16% 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 under 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 26%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 250-thousand dollars. The number of units sold decreased 14% year-over-year, and decreased 32% 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: 53,414
  • Median Age: 45.32 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 2,408/sq mi
  • Population Change Since 2000: 2.12%
  • Closest Airport: Tweed-new Haven
  • Closest College: University Of New Haven
  • Closest Jr. College: Housatonic Community College
  • Median Household Income: $81,013
  • Annual Residential Turnover: 10%
  • Median Home Sales Price: $255,500
  • Closest Major Sports Team: New England Black Wolves
  • Change Avg. Household Income Since 2000: 39.4%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Milford, CT
Median Age: 45.32 Married: 43% Number of Households: 22,009 Households with Children: 5,607
    • 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 School Rating Parent Rating
      St. Mary School 0.6 mi Catholic PRESCHOOL-8 0 0
      Orange Avenue School 0.7 mi Public PRESCHOOL-5 3 0
      The Foundation School High School 1.1 mi Private 8-12 0 0
      Harborside Middle School 1.1 mi Public 6-8 4 0
      Academy Of Our Lady Of Mercy - Lauralton Hall 1.2 mi Catholic 9-12 0 3
      Orchard Hills School 1.2 mi Public PRESCHOOL-5 3 0
      Mathewson School 1.2 mi Public K-2 3 0
      Platt Technical High School 1.3 mi Public 9-12 1 3
      Calf Pen Meadow School 1.4 mi Public K-5 3 0
      Milford Christian Academy 1.6 mi Private K-12 0 0
      New England School Of Montessori 1.7 mi Private PRESCHOOL-6 0 0
      Joseph A. Foran High School 1.8 mi Public 9-12 4 3
      East Shore Middle School 2.1 mi Public 6-8 3 0
      Charles F Hayden School- Boys & Girls Village 2.2 mi Private K-10 0 0
      Meadowside School 2.2 mi Public K-5 3 0
      Cccd - Connecticut Center For Child Development 2.2 mi Private PRESCHOOL-UNGRADE 0 0
      Live Oaks School 2.4 mi Public K-2 3 0
      Pumpkin Delight School 2.7 mi Public PRESCHOOL-5 3 0
      J. F. Kennedy School 2.7 mi Public K-5 3 0
      Jonathan Law High School 3.1 mi Public 9-12 3 3
      St. Ann School 3.7 mi Catholic PRESCHOOL-8 0 0
      West Shore Middle School 4.0 mi Public 6-8 2 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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Milford, CT
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.