Comprehensive market data and analysis• Updated Dec 2025
10.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 3 | 4 | 10 |
| 1-2 acres | - | 1 | 1 | 2 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | 1 | 1 | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 5 | 6 | 14 |
Acreage buckets
The median price for land in Milan, Illinois is currently $30K per acre. For a typical parcel, the median sale price is $24K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $6K while premium lots reached $188K.
Milan, Illinois is currently a buyer's market with 10.2 months of supply. Buyers have more negotiating power and can take time to find the right property.
Milan, Illinois currently has 10.2 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Over the past 12 months, Milan, Illinois saw 14 properties sold, totaling $1.1M in sales volume. In just the last 3 months, 5 properties changed hands.
The current absorption rate in Milan, Illinois is 9.8% (3-month basis), indicating moderate demand. The top-performing broker in this market is RE/MAX Concepts Moline.
The median land price in Milan, Illinois stands at $24K. This translates to roughly $30K per acre for the typical parcel size. The average price is $77K, indicating some higher-priced properties pulling up the average.
There are currently 17 active listings in Milan, Illinois. The median asking price is $62K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
