The Milan housing market is somewhat competitive. The median sale price of a home in Milan was $213K last month, down 2.7% since last year. The median sale price per square foot in Milan is $153, up 10.9% since last year.
In October 2024, Milan home prices were down 2.7% compared to last year, selling for a median price of $213K. On average, homes in Milan sell after 68 days on the market compared to 46 days last year. There were 6 homes sold in October this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$213,000
-2.7% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Milan, TN
$213,000
-2.7%
United States
To compare other locations to the Milan and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Milan add value to a home.
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How hot is the Milan housing market?
Milan is somewhat competitive. Homes sell in 49 days.
0
100
61
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 49 days.
Hot homes
can sell for about 1% above list price and go pending in around 8 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Milan housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Milan.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Milan has a minor risk of flooding. 311 properties in Milan are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Milan. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Milan has a moderate risk of wildfire. There are 4,025 properties in Milan that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Milan.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Milan has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Milan is most at risk from hurricanes. 4,032 properties in Milan have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 69 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 86 mph.