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MILFORD, IA 51351

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

Market Analysis

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

The MILFORD, IA real estate market (51351) currently shows 50 active listings, with 13 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are selling faster, averaging 64 days on market compared to 75 days last year.

The median listing price has fallen 51% year-over-year, from $1,324,925 to $649,000.

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Market Context

Market Context

Population: 4,812  ·  Density: 17.2/mi²  ·  Median household income: $67,250

Typical home value: $245,894  ·  Homeownership: 77.7%

Market Overview

Active Listings
50
⇧ 78.6% vs 28 last year
Pending
13
26% pending ratio
Median Price
$649,000
⇩ 51% vs $1,324,925 last year
Average Price
$1,238,318
⇩ 24.6% vs $1,642,034 last year
Days on Market
64
⇩ 14.7% vs 75 days last year

Price Per Square Foot

Median $/sqft
$267
⇩ 40.5% vs $449/sqft last year
Median Home Size
2,304 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 50 this year vs 28 last year
  • Days on market: 64 now vs 75 last year

Median & Average Pricing

Year over Year
  • Median: $649,000 (-51% YoY)
  • Average: $1,238,318 (-24.6% 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 27.2 miles — 167 listings ($105,054,608 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51351Milford, IA 513510.0 mi20$26,812,520$732,250$1,340,626
51340Fostoria, IA 513405.5 mi2$318,000$159,000$159,000
51360Spirit Lake, IA 513609.7 mi53$59,028,008$526,000$1,113,736
51338Everly, IA 5133810.3 mi3$345,000$115,000$115,000
51301Spencer, IA 5130111.4 mi52$10,983,180$167,875$211,215
51346Hartley, IA 5134616.4 mi7$1,147,160$160,000$163,880
56167Round Lake, MN 5616719.6 mi1$115,000$115,000$115,000
56150Lakefield, MN 5615022.0 mi8$1,402,832$157,000$175,354
51342Graettinger, IA 5134223.1 mi7$1,057,875$127,750$151,125
51248Sanborn, IA 5124825.0 mi7$2,294,033$371,250$327,719
51366Webb, IA 5136626.2 mi1$189,000$189,000$189,000
51245Primghar, IA 5124526.7 mi4$564,000$134,500$141,000
56111Alpha, MN 5611127.2 mi2$798,000$399,000$399,000

Frequently Asked Questions

How many homes are for sale in MILFORD, IA 51351?

As of September 2026, there are 50 active listings in MILFORD, IA (zip code 51351), compared to 28 the prior year.

What is the median home price in MILFORD, IA 51351?

The median listing price in MILFORD, IA 51351 is $649,000 as of September 2026, a 51% decrease from $1,324,925 the prior year.

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

Homes in MILFORD, IA 51351 spend an average of 64 days on the market before going under contract, compared to 75 days the prior year.

Is it a seller's or buyer's market in MILFORD, IA 51351?

Based on current inventory and days-on-market data as of September 2026, MILFORD, IA 51351 is currently a Balanced Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are selling faster, averaging 64 days on market compared to 75 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MILFORD, IA 51351 save an estimated $12,980 compared to a typical 5% commission on the median listing price of $649,000. 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.