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MILFORD, MI 48381

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MILFORD, MI real estate market (48381) currently shows 75 active listings, with 35 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 41 days on market compared to 26 days last year.

The median listing price has risen 6.1% year-over-year, from $535,000 to $567,368.

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 Context

Market Context

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

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

Market Overview

Active Listings
75
⇩ 10.7% vs 84 last year
Pending
35
47% pending ratio
Median Price
$567,368
⇧ 6.1% vs $535,000 last year
Average Price
$609,791
⇧ 11.2% vs $548,559 last year
Days on Market
41
⇧ 57.7% vs 26 days last year

Price Per Square Foot

Median $/sqft
$267
⇧ 6.4% vs $251/sqft last year
Median Home Size
2,174 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 75 this year vs 84 last year
  • Days on market: 41 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $567,368 (+6.1% YoY)
  • Average: $609,791 (+11.2% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.9 miles — 578 listings ($336,097,676 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48381Milford, MI 483810.0 mi72$44,849,880$576,308$622,915
48380Milford, MI 483803.9 mi11$10,358,854$738,749$941,714
48382Commerce Township, MI 483824.8 mi72$52,358,040$649,500$727,195
48356Highland, MI 483566.4 mi19$7,528,560$393,700$396,240
48383White Lake, MI 483837.1 mi20$15,212,340$514,500$760,617
48374Novi, MI 483747.3 mi19$15,823,295$699,250$832,805
48353Hartland, MI 483538.6 mi9$4,655,475$555,950$517,275
48178South Lyon, MI 481788.9 mi124$68,059,756$472,040$548,869
48375Novi, MI 483759.4 mi45$18,868,185$453,750$419,293
48116Brighton, MI 4811610.4 mi70$31,454,360$399,500$449,348
48327Waterford, MI 4832710.7 mi45$13,891,860$289,000$308,708
48323West Bloomfield, MI 4832311.0 mi43$40,718,248$719,700$946,936
48335Farmington, MI 4833511.9 mi29$12,318,823$349,500$424,787

Frequently Asked Questions

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

As of March 2026, there are 75 active listings in MILFORD, MI (zip code 48381), compared to 84 the prior year.

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

The median listing price in MILFORD, MI 48381 is $567,368 as of March 2026, a 6.1% increase from $535,000 the prior year.

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

Homes in MILFORD, MI 48381 spend an average of 41 days on the market before going under contract, compared to 26 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 March 2026, MILFORD, MI 48381 is currently a Balanced Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 41 days on market compared to 26 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 $11,347 compared to a typical 5% commission on the median listing price of $567,368. 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.