Is Milford, IL 60953 a buyer’s or seller’s market?
Milford is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Milford housing market right now
In the three months ending August 31, 2026, 50% of homes in Milford, IL 60953 sold above their list price, the typical home went under contract in 376 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 33%, homes sold more slowly (106 days then) and the median sale price fell 52% to $115,450. Overall, Milford is less competitive than a year ago, which gives buyers more room.
Within Iroquois County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 93%.
Nearby, buyers who want less competition could look at Woodland 60974 (0% sold over asking) or Wellington 60973 (0% sold over asking).
Run the numbers for 60953
Nearby markets
Ashkum 60911Seller’s market $91 /sq ftBeaverville 60912 — /sq ftBuckley 60918Buyer’s market $78 /sq ftCissna Park 60924Balanced $94 /sq ft Browse all markets →Towns like Milford nearby
Find towns like Milford in other states →Where Milford is
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Questions about Milford real estate
Is Milford a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Milford, IL 60953 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 376 days in the latest three months.
Do homes in Milford sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 92.3% of the list price.
What are property taxes in Milford?
About 1.82% of a home’s value a year in Iroquois County, or roughly $7,280 on a $400,000 home.
What is the median home price in Milford?
The median sale price was $115,450 in the three months ending August 31, 2026, about $74 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