Is Milford, IA 51351 a buyer’s or seller’s market?
Milford is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 21% of U.S. ZIP codes, and #131 of 156 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Milford housing market right now
In the three months ending August 31, 2026, 17% of homes in Milford, IA 51351 sold above their list price, the typical home went under contract in 54 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 36 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (58 days then) and the median sale price rose 4% to $444,808. Overall, Milford is more competitive than a year ago, so tougher for buyers.
Within Dickinson County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Milford ranks #131 of 156 IA ZIP codes with enough sales (score 26 out of 100).
Nearby, buyers who want less competition could look at Terril 51364 (0% sold over asking) or Lake Park 51347 (0% sold over asking).
Run the numbers for 51351
Nearby markets
Arnolds Park 51331Seller’s market $344 /sq ftLake Park 51347Buyer’s market $157 /sq ftOkoboji 51355Seller’s market $340 /sq ftSpirit Lake 51360Buyer’s market $253 /sq ft Browse all markets →Towns like Milford nearby
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Questions about Milford real estate
Is Milford a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Milford, IA 51351 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 54 days in the latest three months.
Do homes in Milford sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in Milford?
About 0.92% of a home’s value a year in Dickinson County, or roughly $3,680 on a $400,000 home.
What is the median home price in Milford?
The median sale price was $444,808 in the three months ending August 31, 2026, about $184 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology