North Milford Village Historic District · Photo: Traveler100 · CC BY-SA 3.0262 homes sold in Milford Township in the last year, at a typical $475K
Redfin reports Milford Township’s sales by ZIP code, so these figures are for ZIP 48381, which takes in Milford Township and the area around it. About one sale in 3 is a condo. 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 Township homes are listed.
Every place Milford Township 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 Township.
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.
A third of Milford Township’s sales are condos, at $41K less than a house
179 houses and 80 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 179 sold in the year to May 2026
- Per square foot
- $238MI $172
- Days to sell
- 26
- Sold over asking
- 47%
typical sale · 80 sold in the year to May 2026
- Per square foot
- $228MI $190
- Days to sell
- 59
- Sold over asking
- 38%
More homes sell than most years, at 1.7 times the 2016 price
262 sales in the last year, against 256 in 2025 and a low of 136 in 2023. The typical sale went from $287K in 2016 to $475K.
Source: Redfin Data Center, MLS sales; for ZIP 48381, which takes in Milford Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $500K buys in Milford Township
Check a listing against what Milford Township 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 Township are more common than before the pandemic, with about as many homes for sale
We read every month of home sales in ZIP 48381 since 2012 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 September 2026, 262 sales.
If you’re buying in Milford Township
- Shop in September. It brings about 26 new listings a month, close to the busiest month, with fewer bidding wars (31% over asking).
- Bid near asking. Buyers paid 99.4% of the list price on average; 38% paid over.
- You’ll usually have time. Only 35% of homes go under contract within two weeks; the typical one takes 36 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 29 a month), but June is the most competitive: 35% of June sales close over asking. August and September offer nearly as much choice with fewer homes bid up (32%). January has the least competition (21%) but only about 13 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Michigan
| Milford Township now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 38% | 22% | 39% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 35% | 40% | 60% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 99.4% | 98% | 99.6% | 98.1% |
| Days to sellMedian days from listing to contract | 36 | 33 | 19 | 36 |
60 homes for sale on a typical day
That’s 2.5 times the 2023 low (24), about the 2017–19 level and well under 2015’s 88.
Since 2019, houses are up 61%, condos 121%
A house typically sold for $511K in the year to May 2026 (179 sales), a condo for $469K (80).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 48381, which takes in Milford Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Milford Township home costs about $3,007 a month
Price: Milford Township’s typical sale, last 12 months. Property tax at Milford Township’s 1.3% (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 Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. January has the fewest, about 13.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $475K home, about $6,350 a year.
Taxes vs. neighborsSchools
The schools grade for Milford Township, from test results, graduation and how much students grow.
Schools in Milford TownshipTypical commute
The average one-way trip to work for people who live in Milford Township.
Work & commuteCheck 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.
Milford, Wixom, Walled Lake, South Lyon and Novi sell for less a square foot
The busier markets within 25 miles of Milford Township, 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 | |
|---|---|---|---|---|---|
| Novi | 653 | $476K | $212 | 35% | 23 |
| Milford Township (ZIP 48381) | 262 | $475K | $227 | 38% | 36 |
| South Lyon | 213 | $299K | $172 | 30% | 32 |
| Milford | 147 | $383K | $219 | 34% | 24 |
| Wixom | 134 | $364K | $205 | 32% | 31 |
| Walled Lake | 114 | $263K | $193 | 30% | 26 |
| Wolverine Lake | 56 | $340K | $230 | 44% | 30 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Milford Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Milford Township. People who follow the town see it, and so do people comparing Milford Township with their own town. No commission, no listing fee.
Questions about buying a home in Milford Township
What do homes sell for in Milford Township, MI?
262 homes sold in the year to September 2026 at a typical $475K, $227 a square foot. Houses sold for about $511K, condos for about $469K in the year to May 2026.
Is Milford Township a buyer’s or seller’s market?
A seller’s market: 79 homes were for sale in September 2026 and 23 sold, about 3.4 months of supply. Buyers paid 99.4% of asking on average.
When is the best time to buy in Milford Township?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Milford Township?
About 1.3% of a home’s value a year. On a $475K home that’s near $6,350.
Where can I see homes for sale in Milford Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Milford Township’s MLS listings; the search links above open each one filtered to Milford Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 48381, which takes in Milford Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). 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).