Comprehensive market data and analysis• Updated Dec 2025
9.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 4 |
| 20-50 acres | - | 1 | 1 | 3 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 8 |
Acreage buckets
The median price for land in Milford, Virginia is currently $7K per acre. For a typical parcel, the median sale price is $157K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $77K while premium lots reached $333K.
Milford, Virginia is currently a buyer's market with 9.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Milford, Virginia currently has 9.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Milford, Virginia is 11.1%. The 12-month rate is 22.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Milford, Virginia is 11.1% (3-month basis), indicating moderate demand. The top-performing broker in this market is Pitts and Manns Realty, Inc..
Land in Milford, Virginia averages $8K per acre. The median price per acre is $7K, which may be more representative of typical transactions. Most parcels sold are around 20.6 acres.
The median land price in Milford, Virginia stands at $157K. This translates to roughly $7K per acre for the typical parcel size. The average price is $191K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
