Photo: Warby07-644-2010 · Public domain46 homes sold in Milford in the last year, at a typical $331K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Milford homes are listed.
Every place Milford homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Milford.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 80% of Milford’s sales, at a typical $355K
46 homes sold in the year to May 2026.
typical sale · 37 sold in 12 months
- Per square foot
- $192IA $158
- Days to sell
- 58
- Sold over asking
- 14%
- Listings with a price cut
- 21%
Multi-family (2–4 units): 4 sold, typical $383K
Townhouses: 1 sold, typical $286K
Condos: 4 sold, typical $155K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.9 times the 2017 price
46 sales in the last year, against 80 in 2021 and a low of 44 in 2023. The typical sale went from $179K in 2017 to $331K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Milford
Check a listing against what Milford homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Milford are back to pre-pandemic levels, but a third fewer homes come up for sale
We read every month of Milford’s home sales since 2017 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 46 sales.
If you’re buying in Milford
- Shop in October. It brings about 6 new listings a month, close to the busiest month, with fewer bidding wars (11% over asking).
- Offer under asking. Buyers paid 97.4% of the list price on average; 11% paid over.
- Move fast on good ones. 46% of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
April has the most new listings (about 7 a month), but May is the most competitive: 16% of May sales close over asking. September and October offer nearly as much choice with fewer homes bid up (13%). February has the least competition (0%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Iowa
| Milford now | 2017–19 | 2021 peak | IA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 11% | 7% | 18% | 22% |
| Gone within two weeksShare of homes under contract within 14 days | 46% | 4% | 4% | 36% |
| Listings with a price cutShare of homes for sale that cut their price | 22% | — | — | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 97.4% | 96.6% | 97.4% | 97.7% |
| Days to sellMedian days from listing to contract | 60 | 96 | 70 | 45 |
12 homes for sale on a typical day
That’s 1.6 times the 2023 low (8), 35% fewer than in 2017–19 and well under 2021’s 21.
1 in 4 listings has cut its price
22% in the last year, against — in 2017–19 and 27% across Iowa.
Source: Redfin Data Center, city market tracker, January 2017 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Milford home costs about $2,018 a month
Price: Milford’s typical sale, last 12 months. Property tax at Milford’s 1.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Milford is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. January has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $331K home, about $3,500 a year.
Taxes vs. neighborsSchools
The schools grade for Milford, from test results, graduation and how much students grow.
Schools in MilfordCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Lake Park and Spencer sell for less a square foot; Arnolds Park and Okoboji for far more
The busier markets within 25 miles of Milford, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Spencer | 160 | $179K | $122 | 19% | 71 |
| Spirit Lake | 118 | $371K | $186 | 14% | 62 |
| Arnolds Park | 93 | $538K | $319 | 9% | 94 |
| Okoboji | 55 | $644K | $395 | 4% | 113 |
| Milford | 46 | $331K | $191 | 11% | 60 |
| Lake Park | 24 | $210K | $143 | 12% | 69 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Milford, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Milford. People who follow the town see it, and so do people comparing Milford with their own town. No commission, no listing fee.
Questions about buying a home in Milford
What do homes sell for in Milford, IA?
46 homes sold in the year to May 2026 at a typical $331K, $191 a square foot.
Is Milford a buyer’s or seller’s market?
A seller’s market: 12 homes were for sale in May 2026 and 6 sold, about 2 months of supply. Buyers paid 97.4% of asking on average, and 22% of listings cut their price.
When is the best time to buy in Milford?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Milford?
About 1.1% of a home’s value a year. On a $331K home that’s near $3,500.
Where can I see homes for sale in Milford?
Zillow, Redfin, Realtor.com and Homes.com all carry Milford’s MLS listings; the search links above open each one filtered to Milford.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).