Milan, IL
Housing market overview · Updated weekly
$149,334median sale price
Homes sold
2
Last 12 weeks
Days on market
63
Average pace
Active listings
11
5.5 months supply
Sale-to-list
94.3%
Below asking
The Milan housing market is currently classified as a buyer's market with a median sale price of $149,334. Prices have risen 6.8% compared to last year, with homes spending an average of 63 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Milan
There are currently 11 homes listed for sale in Milan, Illinois. The median listing price is $195K.
Active listings
11
Homes on market
Median list price
$195K
Avg. days on market
63
Days until sale
New this week
5
Newly listed
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Frequently asked questions
What is the average home price in Milan?
The median home sale price in Milan is $149,334, up 6.8% from last year.
How long do homes stay on market in Milan?
Homes typically spend 63 days on market before going under contract.
Is Milan a buyer's or seller's market?
With 5.5 months of supply, Milan is currently a buyer's market.
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