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MILFORD, MI 48381

Real Estate Market Report  ·  Oakland County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
82
⇧ 17.1% vs 70 last year
Pending
40
49% pending ratio
Median Price
$575,000
⇧ 2.9% vs $558,743 last year
Average Price
$621,428
⇧ 7.4% vs $578,643 last year
Days on Market
61
⇧ 19.6% vs 51 days last year

Market Context

Population: 13,573  ·  Density: 268.7/mi²  ·  Median household income: $98,586

Typical home value: $354,622  ·  Homeownership: 82.5%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The MILFORD, MI real estate market (48381) currently shows 82 active listings, with 40 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 61 days on market compared to 51 days last year.

The median listing price has risen 2.9% year-over-year, from $558,743 to $575,000.

Whether you are buying or selling in MILFORD, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 82 this year vs 70 last year
  • Days on market: 61 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $575,000 (+2.9% YoY)
  • Average: $621,428 (+7.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.9 miles — 585 listings ($336,910,106 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48381Milford, MI 483810.0 mi82$50,957,096$575,000$621,428
48380Milford, MI 483803.9 mi8$7,659,736$789,999$957,467
48382Commerce Township, MI 483824.8 mi74$50,806,328$639,900$686,572
48356Highland, MI 483566.4 mi16$5,929,472$324,900$370,592
48383White Lake, MI 483837.1 mi17$12,747,688$529,950$749,864
48374Novi, MI 483747.3 mi15$13,514,100$749,500$900,940
48353Hartland, MI 483538.6 mi10$5,585,140$592,400$558,514
48178South Lyon, MI 481788.9 mi126$69,810,174$469,990$554,049
48375Novi, MI 483759.4 mi43$17,711,743$425,000$411,901
48116Brighton, MI 4811610.4 mi67$30,529,488$429,450$455,664
48327Waterford, MI 4832710.7 mi50$16,366,050$299,020$327,321
48323West Bloomfield, MI 4832311.0 mi49$44,549,967$640,000$909,183
48335Farmington, MI 4833511.9 mi28$10,743,124$344,900$383,683

Frequently Asked Questions

How many homes are for sale in MILFORD, MI 48381?

As of January 2026, there are 82 active listings in MILFORD, MI (zip code 48381), compared to 70 the prior year.

What is the median home price in MILFORD, MI 48381?

The median listing price in MILFORD, MI 48381 is $575,000 as of January 2026, a 2.9% increase from $558,743 the prior year.

How long do homes stay on the market in MILFORD, MI?

Homes in MILFORD, MI 48381 spend an average of 61 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in MILFORD, MI 48381?

Based on current inventory and days-on-market data as of January 2026, MILFORD, MI 48381 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 61 days on market compared to 51 days last year.

How much can I save on real estate commission in MILFORD, MI?

With SELL123.com's maximum 3% commission, sellers in MILFORD, MI 48381 save an estimated $11,500 compared to a typical 5% commission on the median listing price of $575,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.