Why Live in Milford
Milford, DE, is a small river town with a rich history centered around the Mispillion River, known for its shipbuilding past. Milford has evolved with the Rivertown Rebirth Plan, enhancing its downtown area with new businesses and the improved Mispillion Riverwalk, which connects shopping and dining options to waterfront parks, and the town has grown from 11,000 to 13,000 residents in recent years, maintaining a small-town feel despite new developments like a police station and hospital. Housing styles include early 1900s Craftsman bungalows, Queen Anne houses, 1950s and '60s ranch styles, and new traditional homes. Some properties are in flood zones, requiring flood insurance and elevated construction. Milford features 10 parks, including Bicentennial Park with a fishing bridge and picnic tables, and hosts community events like the Riverwalk Freedom Festival and Riverwalk Farmers Market. Slaughter Beach, 10 miles east, offers calm waters and seasonal horseshoe crab sightings. Downtown Milford boasts antique stores, taverns, seafood restaurants, and the Riverfront Theatre, home to the Second Street Players, and the Bug & Bud Festival is a notable event celebrating the ladybug. While local shopping is limited, larger centers are in Dover and Rehoboth. Milford public schools and Milford Christian School have high ratings, and major roads like Delaware Route 1 and U.S. Route 113 provide access to Dover, Wilmington, and Salisbury, and Bayhealth Hospital, Sussex Campus opened in 2019, offering advanced medical services and employment opportunities
Home Trends in Milford, DE
On average, homes in Milford, DE sell after 60 days on the market compared to the national average of 51 days. The median sale price for homes in Milford, DE over the last 12 months is $337,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$337,000
Median Single Family Sale Price
$375,000
Median Townhouse Sale Price
$284,000
Median 2 Bedroom Sale Price
$282,449
Average Price Per Sq Ft
$214
Number of Homes for Sale
110
Last 12 months Home Sales
280
Median List Price
$350,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%