Photo: RageBanken · CC BY-SA 3.0127 homes sold in Milan in the last year, at a typical $205K
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 97% of Milan’s sales, at a typical $204K
127 homes sold in the year to May 2026.
typical sale · 123 sold in 12 months
- Per square foot
- $143TN $209
- Days to sell
- 38
- Sold over asking
- 24%
- Listings with a price cut
- 26%
Multi-family (2–4 units): 4 sold, typical $250K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.3 times the 2016 price
127 sales in the last year, against 148 in 2020 and a low of 90 in 2014. The typical sale went from $90K in 2016 to $205K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K 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, with about as many homes for sale
We read every month of Milan’s home sales since 2014 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, 127 sales.
If you’re buying in Milan
- Shop in January. It brings about 11 new listings a month, close to the busiest month, with fewer bidding wars (10% over asking).
- Offer under asking. Buyers paid 97.1% of the list price on average; 25% paid over.
- You’ll usually have time. Only 31% of homes go under contract within two weeks; the typical one takes 39 days.
Summer brings the homes; fall brings the bidding wars
July has the most new listings (about 14 a month), but October is the most competitive: 30% of October sales close over asking. January offers nearly as much choice with fewer homes bid up (10%). January has the least competition (10%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Tennessee
| Milan now | 2017–19 | 2021 peak | TN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 25% | 14% | 37% | 14% |
| Gone within two weeksShare of homes under contract within 14 days | 31% | 4% | 5% | 27% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | — | — | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 97.1% | 95.9% | 100.5% | 97.3% |
| Days to sellMedian days from listing to contract | 39 | 86 | 53 | 70 |
30 homes for sale on a typical day
That’s 1.8 times the 2023 low (16), about the 2017–19 level and well under 2017’s 39.
1 in 4 listings has cut its price
25% in the last year, against — in 2017–19 and 25% across Tennessee.
Milan ranks 4th of 108 busy Tennessee markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Milan is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2014 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 $1,218 a month
Price: Milan’s typical sale, last 12 months. Property tax at Milan’s 0.9% (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 July
The month with the most choice. December has the fewest, about 7.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $205K home, about $1,790 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.
Humboldt, Trenton, Dyer and Greenfield sell for less a square foot
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 | |
|---|---|---|---|---|---|
| Milan | 127 | $205K | $143 | 25% | 39 |
| Medina | 120 | $364K | $171 | 17% | 96 |
| Humboldt | 118 | $160K | $100 | 16% | 44 |
| Three Way | 41 | $272K | $170 | 5% | 55 |
| Trenton | 41 | $197K | $124 | 24% | 79 |
| Dyer | 25 | $141K | $93 | 12% | 163 |
| Greenfield | 21 | $160K | $103 | 10% | 100 |
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, TN?
127 homes sold in the year to May 2026 at a typical $205K, $143 a square foot.
Is Milan a buyer’s or seller’s market?
A seller’s market: 27 homes were for sale in May 2026 and 8 sold, about 3.4 months of supply. Buyers paid 97.1% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Milan?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Milan?
About 0.9% of a home’s value a year. On a $205K home that’s near $1,790.
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).