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Featured local agent — Milan, NM
Sarah Mitchell
Compass Real Estate · Milan, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Milan, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$342,000median sale price
How is the Milan, NM housing market right now?
The median home sale price in Milan, NM is $342,000, up 242.3% year-over-year. Homes sell in an average of 247 days with 3 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of September 2025 — 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, NM is currently a leaning buyer's, based on 3.0 months of supply and homes selling in about 247 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
247
Average pace
Active listings
3
3.0 months supply
Sale-to-list
92.4%
Below asking
What does the Milan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $342,000 |
| Year-over-year price change | +242.3% |
| Average days on market | 247 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 92.4% |
| Median price per sq ft | $134/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Milan by property type?
How the Milan, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $342,000 | $134/sq ft | 1 | 247 days |
Source: Redfin · Updated monthly
The Milan housing market is currently classified as a leaning buyer's with a median sale price of $342,000. Prices have risen 242.3% compared to last year, with homes spending an average of 247 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Milan
There are currently 3 homes listed for sale in Milan, New Mexico.
Active listings
3
Homes on market
Avg. days on market
247
Days until sale
Who lives in Milan?
Population
2,473
Median income
$37,551/yr
Median age
39.6 years
Owner-occupied
61.8%
College grads
9.6%
Avg commute
22.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Milan?
Milan is a community of approximately 2K residents with a median age of 39.6 years.The median household income is $37,551, which represents a working-class community with solid middle-income opportunities. 9.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.8%, showing a blend of owner and renter-occupied properties. The average commute time is 22.8 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?
1 schools tracked · 417 students
The largest public schools serving Milan, NM 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 ELEMENTARY
Grades PK-6 · 417 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, NM?
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 $342,000, up 242.3% from last year.
How long do homes stay on market in Milan?
Homes typically spend 247 days on market before going under contract.
What is the median income in Milan?
The median household income is $37,551 per year.
Is Milan a buyer's or seller's market?
With 3.0 months of supply, Milan is currently a leaning buyer's.
How much does a single-family home cost in Milan?
The median single-family home price in Milan, NM is $342,000 (about $134 per square foot).
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