The Milan housing market is very competitive. The median sale price of a home in Milan was $307K last month, down 2.5% since last year. The median sale price per square foot in Milan is $204, up 14.2% since last year.
In May 2025, Milan home prices were down 2.5% compared to last year, selling for a median price of $307K. On average, homes in Milan sell after 20 days on the market compared to 19 days last year. There were 9 homes sold in May this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$307,000
-2.5% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Milan, MI
$307,000
-2.5%
United States
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How hot is the Milan housing market?
Milan is very competitive. Homes sell in 31.5 days.
0
100
73
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 3 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 32 days.
Hot homes
can sell for about 2% above list price and go pending in around 23 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
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
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Milan has a minor risk of flooding. 72 properties in Milan are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Milan. Flood risk is increasing faster than the national average.
10% of properties are at risk of wildfire over the next 30 years
Fire Factor
Milan has a moderate risk of wildfire. There are 251 properties in Milan that have some risk of being affected by wildfire over the next 30 years. This represents 10% 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. 2,471 properties in Milan have some risk of being in a severe wind event within the next 30 years.