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Featured local agent — Milan, MI
Sarah Mitchell
Compass Real Estate · Milan, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Milan, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$349,900median sale price
How is the Milan, MI housing market right now?
The median home sale price in Milan, MI is $349,900, up 14.0% year-over-year. Homes sell in an average of 31 days with 21 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Milan a buyer's or seller's market?
Milan, MI is currently a seller's market, based on 2.3 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
31
Average pace
Active listings
21
2.3 months supply
Sale-to-list
99.9%
Below asking
What does the Milan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $349,900 |
| Median list price | $349,900 |
| Year-over-year price change | +14.0% |
| Average days on market | 31 days |
| Active inventory | 21 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $178/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 13 |
| Listings with a price cut | 28.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Milan by property type?
How the Milan, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $349,900 | $178/sq ft | 9 | 31 days |
| Condo / Co-op | $225,000 | $222/sq ft | 2 | 109 days |
Source: Redfin · Updated monthly
The Milan housing market is currently classified as a seller's market with a median sale price of $349,900. Prices have risen 14.0% compared to last year, with homes spending an average of 31 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Milan
There are currently 21 homes listed for sale in Milan, Michigan. The median listing price is $350K.
Active listings
21
Homes on market
Median list price
$350K
Avg. days on market
31
Days until sale
New this week
13
Newly listed
Who lives in Milan?
Population
6,070
Median income
$93,016/yr
Median age
37.2 years
Owner-occupied
70.3%
College grads
37.2%
Avg commute
27.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Milan?
Zillow home value
$313,696
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Milan?
Milan is a community of approximately 6K residents with a median age of 37.2 years.The median household income is $93,016, which reflects a relatively affluent area with strong earning potential. 37.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 70.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Milan offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Milan?
6 schools tracked · 1,742 students
The largest public schools serving Milan, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Milan High School
Grades 9-12 · 559 students
Milan Middle School
Grades 6-8 · 391 students
Paddock Elementary School
Grades PK-2 · 390 students
Clayton H Symons Elementary School
Grades 3-5 · 379 students
Milan Alternative Education
Grades 9-12 · 18 students
Young Adult Program
Grade range n/a · 5 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Milan, MI?
Want a head-to-head view? Compare Milan side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Milan?
The median home sale price in Milan is $349,900, up 14.0% from last year.
How long do homes stay on market in Milan?
Homes typically spend 31 days on market before going under contract.
What is the median income in Milan?
The median household income is $93,016 per year.
Is Milan a buyer's or seller's market?
With 2.3 months of supply, Milan is currently a seller's market.
What is the Zillow home value estimate for Milan?
The Zillow Home Value Index (ZHVI) for Milan is $313,696, representing the typical home value in the area.
What is the median condo price in Milan?
The median condo/co-op sale price in Milan, MI is $225,000, compared to $349,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Milan?
The median single-family home price in Milan, MI is $349,900 (about $178 per square foot).
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