Is Milford, ME 04461 a buyer’s or seller’s market?
Milford is a seller’s market. With about 3.2 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Milford housing market right now
In the three months ending August 31, 2026, 33% of homes in Milford, ME 04461 sold above their list price, the typical home went under contract in 29 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (53 days then) and the median sale price fell 9% to $244,894. Overall, Milford is more competitive than a year ago, so tougher for buyers.
Within Penobscot County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at Garland 04939 (0% sold over asking) or Dixmont 04932 (0% sold over asking), while Exeter 04435 (100% sold over asking) and Etna 04434 (67% sold over asking) are even more competitive.
Run the numbers for 04461
Nearby markets
Bangor 04401Seller’s market $198 /sq ftBradford 04410Balanced $163 /sq ftBradley 04411Balanced $152 /sq ftBrewer 04412Seller’s market $194 /sq ft Browse all markets →Towns like Milford nearby
Find towns like Milford in other states →Where Milford is
Loading map…
Questions about Milford real estate
Is Milford a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Milford, ME 04461 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Milford?
The typical home went under contract in 29 days in the latest three months.
Do homes in Milford sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 94.9% of the list price.
What are property taxes in Milford?
About 1.16% of a home’s value a year in Penobscot County, or roughly $4,640 on a $400,000 home.
What is the median home price in Milford?
The median sale price was $244,894 in the three months ending August 31, 2026, about $225 per square foot.
Local agents
See all agents in 04461 →No sponsored agents in 04461 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 04461
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology