The Milan housing market is very competitive. The median sale price of a home in Milan was $125K last month, up 4.2% since last year. The median sale price per square foot in Milan is $132, up 57.1% since last year.
In October 2024, Milan home prices were up 4.2% compared to last year, selling for a median price of $125K.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$125,000
+4.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Milan, IL
$125,000
+4.2%
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 very competitive. Homes sell in 18 days.
0
100
83
Very 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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 18 days.
Hot homes
can sell for around list price and go pending in around 6 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
46% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Milan has a minor risk of flooding. 437 properties in Milan are likely to be
severely affected
by flooding over the next 30 years. This represents 46% of all properties in Milan. Flood risk is increasing slower than the national average.
15% of properties are at risk of wildfire over the next 30 years
Fire Factor
Milan has a moderate risk of wildfire. There are 392 properties in Milan that have some risk of being affected by wildfire over the next 30 years. This represents 15% of all properties in Milan.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Milan has a Minor 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. 2,460 properties in Milan have some risk of being in a severe wind event within the next 30 years.