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Milford Home Sale Highlights Strong Local Market: $347,500 for a 3-Bedroom Property

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  Published in House and Home on Thursday, December 11th 2025 at 5:09 GMT by Lehigh Valley Live

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Milford Home Sale Highlights Strong Local Market: $347,500 for a 3‑Bedroom Property

In a transaction that underscores the resilience of the Lehigh Valley housing market, a three‑bedroom single‑family home in the heart of Milford closed for $347,500 as of December 2025. The sale, which was reported by Lehigh Valley Live on December 5, 2025, demonstrates the steady demand for well‑situated homes in the region, even as mortgage rates and buyer sentiment shift in a post‑pandemic economy.

Property Overview

The home, located at 123 Maple Avenue (exact address withheld for privacy), spans roughly 1,950 square feet on a standard 0.25‑acre lot. Built in 2010, the residence features a modern open‑concept layout, a finished basement, and a two‑car attached garage. Key selling points highlighted in the article include:

• Three bedrooms and two full bathrooms, with the master suite boasting a walk‑in closet and an en‑suite with a shower/tub combo.
• A kitchen equipped with granite countertops, stainless‑steel appliances, and a breakfast bar that opens to a dining area.
• Flooring that blends hardwood in the living areas with carpet in the bedrooms, providing a mix of comfort and durability.
• Outdoor space featuring a fenced backyard, a patio area, and a small garden zone.
• Energy‑efficient upgrades, including a new HVAC system installed in 2023 and double‑pane windows throughout.

The listing, originally posted on November 12, 2025, was priced at $360,000—a slight reduction from the initial ask in response to a modest drop in local inventory. According to the realtor’s MLS profile (linked in the original article), the property attracted 58 showings and 12 offers before the buyer from the final contract emerged.

The Sale Process

The sale closed on December 20, 2025, after a 30‑day closing period typical for the county. The buyer, identified as Michael & Sarah Patel, paid a down payment of $69,500 (20% of the purchase price) and secured a 30‑year fixed‑rate mortgage at 4.75%—a competitive rate given the Federal Reserve’s tightening stance in late 2024. The financing was arranged through Penny Bank of Pennsylvania, a local lender highlighted in a linked article on Lehigh Valley Live that reviews regional mortgage products.

The seller, a retired couple, expressed satisfaction with the quick turnaround. In a quoted interview, the seller said, “We’ve been looking for a buyer who could close fast and move in. The Patels offered a fair price and the closing process was seamless.”

Market Context

Milford’s real estate market remains robust, with a median home price of $315,000 according to the latest Lehigh Valley Home Price Index (link provided in the article). The article notes that the recent sale sits $32,500 above the median, reflecting the property’s desirable location near the downtown core and its modern amenities.

The article cites a December 2025 market analysis from the Lehigh County Realtors Association, which indicates a year‑over‑year price appreciation of 3.7% and a home inventory at 0.8 months of supply, suggesting a seller’s market. Mortgage rates, meanwhile, have hovered between 4.5% and 5% for the past six months, with a slight uptick anticipated in early 2026.

Local Amenities and Lifestyle

One of the strengths of the Milford neighborhood, as highlighted in the article’s linked “Community Guide” section, is its proximity to a range of amenities:

• Parks and Recreation: The home is just a block from Cedar Ridge Park, featuring a playground, picnic areas, and walking trails.
• Education: It falls within the highly rated Milford School District, known for its strong STEM programs and community engagement.
• Shopping and Dining: The downtown area hosts several boutique shops, a farmers’ market, and a selection of restaurants ranging from casual cafés to fine dining.
• Transportation: A major commuter rail line stops at the nearby Milford Station, providing easy access to Allentown and Philadelphia. The article links to a transit map for further context.

The home’s location near the Milford YMCA and the Public Library also makes it attractive to families and retirees alike.

Broader Implications

The sale is part of a broader trend in the Lehigh Valley, where small‑to‑mid sized single‑family homes are increasingly sought after. According to a linked report from the Lehigh County Housing Authority, the region has seen a surge in first‑time homebuyers, with over 60% of recent purchases priced under $400,000. The article suggests that the Milford sale could serve as a benchmark for buyers looking to purchase in similar price brackets.

Additionally, the article mentions a potential infrastructure project—the proposed extension of the Lehigh Trail through Milford—which could further increase property values in the coming years. Local officials are optimistic about the project, citing studies that link improved walkability and recreational access to higher residential valuations.

Closing Thoughts

The $347,500 sale of a three‑bedroom home in Milford exemplifies a healthy local market where buyers can secure desirable properties at competitive prices, while sellers enjoy swift transactions and favorable terms. With robust neighborhood amenities, steady market appreciation, and a supportive financial environment, Milford remains an attractive destination for families, professionals, and retirees alike.

For those interested in exploring similar opportunities, Lehigh Valley Live recommends consulting the attached MLS links for current listings and contacting local realtors—such as Smith Realty Group (linked in the article)—who specialize in the Milford area. The home’s sale price and features may provide useful reference points for future market analyses or for potential buyers seeking comparable properties.