Comprehensive market data and analysis• Updated Oct 2026
31.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 7 | 10 |
| 1-2 acres | - | - | 2 | 4 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | 1 | 1 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 3 | 10 | 17 |
Acreage buckets
The median price for land in Milan, Illinois is currently $25K per acre. For a typical parcel, the median sale price is $8K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $3K while premium lots reached $335K.
Milan, Illinois is currently a strong buyer's market with 31.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Milan, Illinois currently has 31.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Milan, Illinois saw 17 properties sold, totaling $1.5M in sales volume. In just the last 3 months, 3 properties changed hands.
The current absorption rate in Milan, Illinois is 3.2% (3-month basis), indicating slow demand. The top-performing broker in this market is KW 1Advantage.
The median land price in Milan, Illinois stands at $8K. This translates to roughly $25K per acre for the typical parcel size. The average price is $90K, indicating some higher-priced properties pulling up the average.
There are currently 31 active listings in Milan, Illinois. 3 new listings have hit the market in the last 90 days. The median asking price is $45K.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Milan on LandyDandy.
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