Photo: Kepper66 · CC BY-SA 3.055 homes sold in Milan in the last year, at a typical $154K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Milan homes are listed.
Every place Milan homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Milan.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 96% of Milan’s sales, at a typical $154K
55 homes sold in the year to May 2026.
typical sale · 53 sold in 12 months
- Per square foot
- $128IL $180
- Days to sell
- 33
- Sold over asking
- 43%
- Listings with a price cut
- 34%
Multi-family (2–4 units): 1 sold, typical $170K
Townhouses: 1 sold, typical $149K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
55 sales in the last year, against 80 in 2021 and a low of 34 in 2012. The typical sale went from $87K in 2016 to $154K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Milan
Check a listing against what Milan homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Milan are more common than before the pandemic, but 41% fewer homes come up for sale
We read every month of Milan’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 55 sales.
If you’re buying in Milan
- Shop in February. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (11% over asking).
- Bid near asking. Buyers paid 99.2% of the list price on average; 45% paid over.
- You’ll usually have time. Only 34% of homes go under contract within two weeks; the typical one takes 32 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 6 a month), but May is the most competitive: 35% of May sales close over asking. February offers nearly as much choice with fewer homes bid up (11%). January has the least competition (10%) but only about 3 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than Illinois
| Milan now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 45% | 17% | 34% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 34% | 3% | 0% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 31% | — | — | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.2% | 96.9% | 99% | 99.2% |
| Days to sellMedian days from listing to contract | 32 | 153 | 74 | 49 |
10 homes for sale on a typical day
That’s 2.5 times the 2023 low (4), 41% fewer than in 2017–19 and well under 2016’s 31.
1 in 3 listings has cut its price
31% in the last year, against — in 2017–19 and 19% across Illinois.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Milan home costs about $1,096 a month
Price: Milan’s typical sale, last 12 months. Property tax at Milan’s 2.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Milan is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. January has the fewest, about 3.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $154K home, about $3,520 a year.
Taxes vs. neighborsSchools
The schools grade for Milan, from test results, graduation and how much students grow.
Schools in MilanCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Rock Island, Moline and Silvis sell for less a square foot; Bettendorf for far more
The busier markets within 25 miles of Milan, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Davenport | 1,372 | $191K | $136 | 35% | 30 |
| Bettendorf | 653 | $340K | $170 | 33% | 27 |
| Moline | 518 | $161K | $114 | 36% | 21 |
| Rock Island | 460 | $133K | $101 | 33% | 31 |
| Silvis | 75 | $155K | $116 | 28% | 33 |
| Milan | 55 | $154K | $128 | 45% | 32 |
| Coal Valley | 55 | $246K | $136 | 29% | 36 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Milan, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Milan. People who follow the town see it, and so do people comparing Milan with their own town. No commission, no listing fee.
Questions about buying a home in Milan
What do homes sell for in Milan, IL?
55 homes sold in the year to May 2026 at a typical $154K, $128 a square foot.
Is Milan a buyer’s or seller’s market?
A seller’s market: 8 homes were for sale in May 2026 and 4 sold, about 2 months of supply. Buyers paid 99.2% of asking on average, and 31% of listings cut their price.
When is the best time to buy in Milan?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Milan?
About 2.3% of a home’s value a year. On a $154K home that’s near $3,520.
Where can I see homes for sale in Milan?
Zillow, Redfin, Realtor.com and Homes.com all carry Milan’s MLS listings; the search links above open each one filtered to Milan.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).